Ask Paula: What Do I Do With Free Money?
Afford Anything
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Can I Put 20 Thousand Dollars All at One Time in a Tax Avantash Account?
She could contribute 18 thousand to a four o one k, and then up to six thousand to either a rothye oraor traditional i. If she's h s a eligible, you can use an h s a as a d facto retirement account also. So that's another three and a half thousand in terms of money that she can salk away into tax advantaged accounts. I would take the car off the table for the rest of your life. You're buying the dip.
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