Windfall and advice

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letsgobobby
Posts: 12110
Joined: Fri Sep 18, 2009 1:10 am

Re: Windfall and advice

Post by letsgobobby » Sat Nov 18, 2017 2:39 pm

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Last edited by letsgobobby on Wed Aug 28, 2019 11:09 pm, edited 1 time in total.

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badbreath
Posts: 922
Joined: Mon Jul 18, 2016 7:50 pm

Re: Windfall and advice

Post by badbreath » Sun Nov 19, 2017 2:24 am

Well you have your mind made up on a FA so do that for now till you realize you don't need them. I do rebalance once a year (4th of July Independence Day) but have never rebalanced just changed where contributions go till it is where I want it.

DCA of the windfall, Vanguard has a white paper on this that shows it is better to just dump it all in at once which is what I do. This year alone I just dumped $400K+ all at once and it has done well.

One other thing I would do is go over to White Coat Investor and ask the same question on their form to see what other Docs think.
“While money can’t buy happiness, it certainly lets you choose your own form of misery.” Groucho Marx

3funder
Posts: 1028
Joined: Sun Oct 15, 2017 9:35 pm

Re: Windfall and advice

Post by 3funder » Sun Nov 19, 2017 5:44 am

If I were in your shoes, I would immediately pay off the mortgage and student loans. I would then invest the remainder according to my desired asset allocation. I understand that volatility can seem painful, but keep in mind that with no outstanding mortgage or student loan debt, you might not feel so jittery when the market drops. Don't bother with an advisor. You can do this.

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