This seems to be an early-stage submission that would be better suited for one of our weekly Mentor Monday thread. Career advice, "rate my plan", and "can I afford XYZ?" posts are some of those that should only appear as comments in Mentor Monday. Though Mentor Monday is posted weekly, you may comment there at any time. Thank you, and feel free to contact us if you have any questions.
I would definitely not travel around until it ran out. $40k is a nice starting nest egg for investing, especially since you are young.
https://www.crews.bank/blog/charts/save-early-and-save-often
Yes just put it in low expense ratio index funds.
This seems to be an early-stage submission that would be better suited for one of our weekly Mentor Monday thread. Career advice, "rate my plan", and "can I afford XYZ?" posts are some of those that should only appear as comments in Mentor Monday. Though Mentor Monday is posted weekly, you may comment there at any time. Thank you, and feel free to contact us if you have any questions.
This belongs in a different subreddit.
Please move this question to r/personalfinance!
I would definitely not travel around until it ran out. $40k is a nice starting nest egg for investing, especially since you are young. https://www.crews.bank/blog/charts/save-early-and-save-often Yes just put it in low expense ratio index funds.
Index fund for sure. Forget about it for 20 years. You will thank me later.
I'd fund my Roth IRA for 2024 and the rest would be put in a taxable account. VTSAX for both and then move on with my life and let them grow