Search found 9 matches

by micarpenter09
Tue Jun 20, 2017 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: 19 y/o Windfall Questions
Replies: 25
Views: 3277

Re: 19 y/o Windfall Questions

And the natural fund to put in the Roth IRA would be Vanguard Target Retirement 2060 (possibly moving to 2065 when Vanguard opens such a fund, but the two will be identical for years). This fund will manage itself to keep a reasonable allocation for an investor who expects to retire around 2060, an...
by micarpenter09
Tue Jun 20, 2017 9:42 am
Forum: Investing - Help with Personal Investments
Topic: 19 y/o Windfall Questions
Replies: 25
Views: 3277

Re: 19 y/o Windfall Questions

Perhaps that may not be true of all 19 year old girls, but it is of this one; I know her well. Thank you to those who replied with constructive responses based on the facts I gave; that is exactly what we were looking for. The Roth seems like a great option, especially since she can withdrawal the b...
by micarpenter09
Mon Jun 19, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: 19 y/o Windfall Questions
Replies: 25
Views: 3277

Re: 19 y/o Windfall Questions

Probably the best thing you could do for her is take $20 of the $45K and buy the Bogleheads Guide, then let her decide how to invest it. I would love to do this, however being a 19 year old girl, it would not maintain more than 30 seconds of her attention at a time. I own it and have read it and am...
by micarpenter09
Mon Jun 19, 2017 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: 19 y/o Windfall Questions
Replies: 25
Views: 3277

Re: 19 y/o Windfall Questions

Especially, considering in those two thread's the OP started, the OP is 25 years old AND has a 19 year old daughter. Daughter is most likely a stepchild for OP as OP has a 39 year old partner. Thank you. It is an unmarried step child, but didn't feel the need to go into full detail with this post. ...
by micarpenter09
Mon Jun 19, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: 19 y/o Windfall Questions
Replies: 25
Views: 3277

Re: 19 y/o Windfall Questions

aristotelian wrote:Does she plan to attend college?
She is currently attending. 4 years taken care of from same great grandmother via Michigan Education Trust.
by micarpenter09
Mon Jun 19, 2017 10:26 am
Forum: Investing - Help with Personal Investments
Topic: 19 y/o Windfall Questions
Replies: 25
Views: 3277

19 y/o Windfall Questions

Daughter just received a life insurance policy from ex great-grandmothers passing for $45,000. Wondering what the best course of action should be. The money is sitting in Vanguard settlement fund. She doesn't have immediate use for the funds, but would like to remain liquid, so looking for the most ...
by micarpenter09
Thu May 05, 2016 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Just Getting Started - 25 y/o Biz Owner
Replies: 5
Views: 783

Re: Just Getting Started - 25 y/o Biz Owner

Current Assets Vanguard Taxable: $1,300 - Held in VFORX Betterment Taxable: $1,200 - 75% Stocks Are you sure that Betterment is not buying and selling same type of fund like VFORX for tax loss harvesting? Also, is your 401k through your business? If so, do you have a small business 401k for two (si...
by micarpenter09
Tue Apr 26, 2016 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Just Getting Started - 25 y/o Biz Owner
Replies: 5
Views: 783

Just Getting Started - 25 y/o Biz Owner

Hello all, Been reading for about 8 months now, but first time post here. I've searched the forum, but my situation is a bit unique. Looking for some advice moving forward and appreciate any info! My personal partner and I own a small business together. We split our income disproprotionally due to t...