Need advice on best retirement investment for sudden windfall ($40K) | mid-forties and no retirement savings
Thread created 01-05-2025 by REI877
+1 Score
13 Replies
2,072 Views
Is there a reason you are not working, you can usually invest up to 50% of your pay up the limits I would see about getting a job and put the money into a ROTH since you will be in a very low tax...
Need advice on best retirement investment for sudden windfall ($40K) | mid-forties and no retirement savings
Thread created 01-05-2025 by REI877
+1 Score
13 Replies
2,072 Views
What sucks in this situation is that you cant put this in a Roth IRA. Im not sure of your employment situation but if you were to become employed, a far better retirement strategy would be to save...
Need advice on best retirement investment for sudden windfall ($40K) | mid-forties and no retirement savings
Thread created 01-05-2025 by REI877
+1 Score
13 Replies
2,072 Views
index fund is a great option as you stated but i am no expert.
Need advice on best retirement investment for sudden windfall ($40K) | mid-forties and no retirement savings
Thread created 01-05-2025 by REI877
+1 Score
13 Replies
2,072 Views
Index fund is the way to go. Do your research, bogleheads subreddit has really good info as a starting point. 40k is a small amount for an advisor imo and you’d be better off just managing it...
Need advice on best retirement investment for sudden windfall ($40K) | mid-forties and no retirement savings
Thread created 01-05-2025 by REI877
+1 Score
13 Replies
2,072 Views
Are you planning to work at some point in the future? If not, no need to care about the tax benefits of retirement accounts. You're not paying income tax anyway.
As was said, you can't invest...
Need advice on best retirement investment for sudden windfall ($40K) | mid-forties and no retirement savings
Thread created 01-05-2025 by REI877
+1 Score
13 Replies
2,072 Views
thanks
Need advice on best retirement investment for sudden windfall ($40K) | mid-forties and no retirement savings
Thread created 01-05-2025 by REI877
+1 Score
13 Replies
2,072 Views
Let this be a catalyst for you to get financially situated. Start a job and put as much into a ROTH target retirement (EG Vanguard), the rest could go into a guaranteed higher yeild savings. You...
Need advice on best retirement investment for sudden windfall ($40K) | mid-forties and no retirement savings
Thread created 01-05-2025 by REI877
+1 Score
13 Replies
2,072 Views
Get a job so you can max a Roth IRA, $7000. Stick the rest in a brokerage account, vti, vtsax, something that tracks the s&p500 with low fees.
Need advice on best retirement investment for sudden windfall ($40K) | mid-forties and no retirement savings
Thread created 01-05-2025 by REI877
+1 Score
13 Replies
2,072 Views
50% in VTI
50% BND
Need advice on best retirement investment for sudden windfall ($40K) | mid-forties and no retirement savings
Thread created 01-05-2025 by REI877
+1 Score
13 Replies
2,072 Views
40K ain't gonna do much for you at 45 years old. Better off enjoying it traveling.
Need advice on best retirement investment for sudden windfall ($40K) | mid-forties and no retirement savings
Thread created 01-05-2025 by REI877
+1 Score
13 Replies
2,072 Views
For now, I would go with T-bills at roughly 4.3%. A person who can not afford to lose money on investments or who has a low risk tolerance should not be in the stock market imo, but to each his own....
Need advice on best retirement investment for sudden windfall ($40K) | mid-forties and no retirement savings
Thread created 01-05-2025 by REI877
+1 Score
13 Replies
2,072 Views
Current financial situation:
45 yo old, unemployed. living w/ parents and receiving financial help. I don't have any retirement savings
cash ready to invest: $40K
can invest further $400 -...
Need advice on best retirement investment for sudden windfall ($40K) | mid-forties and no retirement savings
Thread created 01-05-2025 by REI877
+1 Score
13 Replies
2,072 Views
TSLA all the way to the moon!
Need advice on best retirement investment for sudden windfall ($40K) | mid-forties and no retirement savings
Thread created 01-05-2025 by REI877
+1 Score
13 Replies
2,072 Views
Recommend reaching out to a financial consultant/firm who has a history of at least 10% returns yoy and managed by them. Long term this may be better option. Some examples are citi/fidelity/etc
