Inheritance - $300,000 trust

[ESMonitor]

Not sure what you will decide to do, but I would make it a priority to use some of the proceeds to pay your remaining student loans off. Get yourself debt free.

[Nutria]

Talk to your sister.

But that goes counter to his expressed desire to drain his trust fund.

[snafu]

Z

pfvaley, In order to move forward with your initial request it's helpful to understand how you allocate your current earned income, how to use the initial $ 50,000. in your best interest.
1st it's incredibly important to have an Emergency Fund, no fee Saving account like those offered by Credit Unions or 'on-line' banks whose sum will cover your most basic needs for at least 3 months [rent, food, utilities, Rx, car payment, insurance premiums, student loan payment] for example.

2nd, you need to look after retirement in your distant future. There is a contribution sum allowed based on earned income. There are minimums required and potential fees galore. Many SA participants use Vanguard as they have an excellent reputation and lowest fees, they keep it simple and straight forward. PHone and talk to a Vanguard agent who will guide you through the process. Easiest to make automatic payments beginning with Index. Understand, this money cannot be removed without huge, expensive penalties until you are at retirement age. Ask if your employer gives any matching retirement contributions.

Would appreciate answers to earlier asked questions. Good luck!

[snafu]

pfvaley, In order to move forward with your initial request it's helpful to understand how you allocate your current earned income, how to use the initial $ 50,000. in your best interest.
1st it's incredibly important to have an Emergency Fund, no fee Saving account like those offered by Credit Unions or 'on-line' banks whose sum will cover your most basic needs for at least 3 months [rent, food, utilities, Rx, car payment, insurance premiums, student loan payment] for example.

2nd, you need to look after retirement in your distant future. There is a contribution sum allowed based on earned income. There are minimums required and potential fees galore. Many SA participants use Vanguard as they have an excellent reputation and lowest fees, they keep it simple and straight forward. PHone and talk to a Vanguard agent who will guide you through the process. Easiest to make automatic payments beginning with Index. Understand, this money cannot be removed without huge, expensive penalties until you are at retirement age. Ask if your employer gives any matching retirement contributions.

Would appreciate answers to earlier asked questions. Good luck!

[tripods68]

Welcome to this site.

Depression and anxiety is a real problem for Americans this day. Its unfortunate most people don't understand it seek help before its too late.


Are you now in treatment and able to handle money well? Do you know how much is your monthly expenses? Do you have a budget?