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Beginning Investor... Analysis Needed
So I just came into $45k from a life insurance policy for my dad. Right now I have about $25k in student loan debt at a rate of 7-9%, and no other debts.
Right now I think the first thing I should do is pay off my student loans. I figure it's gonna be hard to keep up with the 7-9% on that money. So that will leave me with roughly 20k. I currently have a Roth IRA that I've already maxed out for the year, but I want to set aside 5k for next year so I can make sure I get that in there, which brings me to about 15k. I don't really know what I want to do with that last 15k. I'm thinking of going thirds (5k a piece) in Vanguard funds, short term CD's, and long term CD's. Can you guys give a newb some feedback on this plan? Any glaring holes you can see? Thanks is advance. |
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