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Started By
Message
re: Hypothetical - Inherit $1 Million Cash
Posted on 1/13/26 at 7:42 am to makersmark1
Posted on 1/13/26 at 7:42 am to makersmark1
I kick myself in the arse for not starting a Roth sooner.
0
Posted on 1/13/26 at 8:06 am to Craft
quote:I feel I can beat the 2.7 rate I have pretty easily. I’d just slap it in a brokerage acct with VOO or VTI
Pay off house regardless of interest rate
Posted on 1/13/26 at 8:17 am to SaDaTayMoses
Debt free..50-50...VOO/JEPQ
Posted on 1/13/26 at 8:51 am to makersmark1
quote:
He’d build another pile that will be tax free when he withdraws it.
If he waits til retirement age. But he’ll be locked in til then. No diversification in timeline and availability of money.
He has the benefit now of potentially taking an early retirement with funds set aside from inheritance and 401k funds to cover the difference once he hits retirement age
Posted on 1/13/26 at 8:58 am to Upperdecker
quote:Not commenting on OP specifically, but that's a very good thing for the average idiot.
If he waits til retirement age. But he’ll be locked in til then. No diversification in timeline and availability of money.
And the Roth has small limits, so plenty of it can / will be exposed to other investments & tax treatments
This post was edited on 1/13/26 at 9:00 am
Posted on 1/14/26 at 6:31 am to tigerfoot
quote:
I’d just slap it in a brokerage acct with VOO or VTI
Sure but most people don’t do this and will find a way to spend it or invest it poorly. Give me the guarantee.
Posted on 1/14/26 at 11:37 am to SaDaTayMoses
75/25 brokerage account. Work until kids graduate college, then retire early.
Posted on 1/14/26 at 7:07 pm to lynxcat
quote:
You can carve some dollars to max a Roth IRA annually.
Not with his stated income.
Posted on 1/14/26 at 7:30 pm to SaDaTayMoses
Only 1 million?
That’ll get you a few years
That’ll get you a few years
Posted on 1/15/26 at 9:39 am to deeprig9
quote:
You can carve some dollars to max a Roth IRA annually.
Not with his stated income.
Backdoor Roth contribution.
Posted on 1/15/26 at 11:25 am to Shaun176
quote:
Backdoor Roth contribution.
That would depend on how much he already has in Trad IRA.
Posted on 1/15/26 at 11:40 am to metallica81788
quote:
How many mid 30s have their house paid off?
I was 37. Working shift work at a chemical plant since 19.
Posted on 1/15/26 at 12:45 pm to SaDaTayMoses
10 percent of it in bitcoin
Posted on 1/16/26 at 6:27 pm to deeprig9
Traditional and then back door is absolutely possible.
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