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The Personal Finance Podcast
What to Do With $100K: Invest or Keep It Safe?
Feb 5, 2025
Discover how to effectively utilize a $100,000 nest egg—should it be invested or kept safe? Dive into the dilemma of investing versus debt management, exploring personal circumstances and professional advice. Learn about establishing accounts for children and the significance of early money management. Stay alert to emerging scams that target your personal data. Plus, navigate the complex landscape of finding the right financial advisor, weighing options between robo-advisors and traditional choices.
35:54
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Quick takeaways
- When deciding what to do with $100K, balancing between investing for potential growth and maintaining liquidity for future needs is crucial.
- Utilizing a taxable brokerage account for children enhances financial education while allowing parents to retain control over the investments longer than custodial accounts.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode