Long time follower, first time poster. Currently a 3rd year Medical Student. I will be inheriting ~350,000 after the recent passing of my grandparents. My wife and I have ~200,000 in student loan debt combined. After paying that off and saving some in an emergency fund, I am trying to figure out the best way to invest the remaining money . Do I invest a lump sum into a taxable account? Or do I wait until I start residency in a year and a half, and max out both my and my wife's Roth IRA's as well as my wife's Roth 401k that she has through her work?
Ideally we would just use our income from our jobs to max out these accounts, but after budgeting for all of our other expenses (including a good disability and life insurance policy that I plan to buy into at the start of residency), we won't have the funds to do so.
Ideally we would just use our income from our jobs to max out these accounts, but after budgeting for all of our other expenses (including a good disability and life insurance policy that I plan to buy into at the start of residency), we won't have the funds to do so.
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