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Keeping the money you have and a birthday

February 5th, 2006 at 05:30 pm

When we sell our house, even at the low end, I'll have a nice bit of money in the bank. Now I just need to figure out what to do with it! I figure I'll put $4,000 into a Roth IRA. I have a traditional (a fluke thanks to the efforts of Edward Jones - they labeled it "Roth" but really set it up as a traditional many years ago) with TIAA-CREF (switched companies after that snafu, and my retirement account through work is in Fidelity. So, what would you do? Keep 3-6 months in ING CD's or something?? If that, then what? Place the remaining few thousand in a stock fund or something? I just don't know. Like baselle has said, once you have the money, then ya need to think about how you're going to protect it.
DH's birthday is tomorrow and I took him out to a nice restaurant on Saturday. He'll have a few things to open, but nothing crazy - dinner was expensive (worth it, though!). Smile

2 Responses to “Keeping the money you have and a birthday”

  1. Ima saver Says:

    How about a roth IRA for dh? Do you have an emergency account? If not, the extra money should just be put into ING , not into cd's. (my opinion only)

  2. jorge Says:

    That's a good idea for another Roth, but DH already has a nest egg, so the house money will be mine to hang onto. (I bought the house before we were married and we agreed on this ahead of time).
    This is the most cash I'll have ever had in my life and I'm terrified of screwing up. Okay, so it's "only" $15k or so after I put money in a Roth for me, but golly that's a lot!

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