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Re: Help a 22 y/o invest an inheritance

Since some of your money will be in Roth and some in a taxable account, I'd suggest just using the 3 separate funds instead of LifeStrategy. It could look like this: Taxable $89,500 $56,000 Vanguard Total Stock Index $24,000 Vanguard Total International Stock Index $9500 Vanguard Tax-Exempt Interme...
by AmatureInvestor
Fri Feb 08, 2013 1:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Help a 22 y/o invest an inheritance
Replies: 32
Views: 2821

Re: Help a 22 y/o invest an inheritance

First, are you willing to spend a lot of time educating yourself on investing? Like all sources, though, there is a bias here. Not a bad one, mind you, but a bias nonetheless: Bogleheads are passionate about investing and enjoy putting their free time into learning, considering and arguing the meri...
by AmatureInvestor
Thu Feb 07, 2013 10:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Help a 22 y/o invest an inheritance
Replies: 32
Views: 2821

Re: Help a 22 y/o invest an inheritance

So if I were you I'd open up a Vanguard fund taxable account (as opposed to brokerage account) and fund it with the $100K. Then open up a Roth IRA within that account and move in $10,500 to start ($5000 for 2012 and $5500 for 2013). I'd buy an Admiral bond index fund with the $10,500 in the Roth IR...
by AmatureInvestor
Wed Feb 06, 2013 9:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a 22 y/o invest an inheritance
Replies: 32
Views: 2821

Re: Help a 22 y/o invest an inheritance

I've been doing some research and I think I'm going to set up a simple vanguard three fund portfolio. Would investing all funds into one LifeStrategy fund be more beneficial then three separate(TSM,TBM,TIS) Admiral accounts? The Admiral accounts seem to have a lower expense rates and I want to save ...
by AmatureInvestor
Wed Feb 06, 2013 4:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a 22 y/o invest an inheritance
Replies: 32
Views: 2821

Re: Help a 22 y/o invest an inheritance

You are in a very unique situation. Being so young with that much money means that you do not have to take as much risk as the overwhelming majority of us. Earning just 5% on that 150k over 30 years will give you well over $1,000,000 and that is without contributing a single dime more. Obviously th...
by AmatureInvestor
Mon Feb 04, 2013 3:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a 22 y/o invest an inheritance
Replies: 32
Views: 2821

Re: Help a 22 y/o invest an inheritance

I'd look to max out Roth IRAs every single year going forward and to completely max out any 401k once you start working after college. Even if your income isn't that great you should max out the tax-advantaged space and if necessary use some of the cash from this inheritance for expenses. Doing thi...
by AmatureInvestor
Mon Feb 04, 2013 12:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a 22 y/o invest an inheritance
Replies: 32
Views: 2821

Re: Help a 22 y/o invest an inheritance

If this is earned, you could start saving for retirement by putting money into an IRA. Then keep repeating every year you are eligible. There is an income limit for taking a tax deduction for a contribution to a traditional IRA and an income limit for even making a contribution to a Roth IRA, but y...
by AmatureInvestor
Sun Feb 03, 2013 4:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a 22 y/o invest an inheritance
Replies: 32
Views: 2821

Re: Help a 22 y/o invest an inheritance

Thanks for all the suggestions everyone :mrgreen: Put the rest away in a 1 or 2 year CD for now and continue to concentrate on school. In your spare time read here, read books, ask questions and develop a personal plan you can live with for the long run. Just don't get in a hurry. CD's seem like a p...
by AmatureInvestor
Sun Feb 03, 2013 2:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a 22 y/o invest an inheritance
Replies: 32
Views: 2821

Help a 22 y/o invest an inheritance

I recently found out that I would be inheriting 150k from a deceased relative. I'm currently a college student (biology major) that has been living on a budget around 15k a year. I have no debts and no large expenses. I plan to set aside 50k of the inheritance in a high interest online checking acco...
by AmatureInvestor
Sun Feb 03, 2013 11:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Help a 22 y/o invest an inheritance
Replies: 32
Views: 2821

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