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
1,716 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
1,716 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
1,716 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
1,716 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
1,716 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
1,716 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
1,716 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
1,716 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