Afford Anything Ask Paula: What to Do with a Six-Figure Windfall?
6 snips
Feb 21, 2024 Discover what to do with a six-figure windfall towards early retirement, navigating 401k fees and investment options. Explore the challenges of funding IVF treatments while maintaining financial stability. Consider the transition from RV living to building an off-grid home and strategic financial planning for long-term goals.
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Timeline Your Goals
- Timeline your financial goals to visualize their relation and distance.
- Prioritize goals strategically and leverage the power of compounding.
Invest Windfalls for Flexibility
- Invest windfalls in a taxable brokerage account for flexibility and growth.
- Mentally earmark these funds for future goals like a house down payment.
Value Over Fees
- Don't blindly follow advice about fees; assess the value received.
- Prioritize good financial help to achieve your goals.