T
thomas_nuffan
Guest
I recently won a lawsuit in which I was awarded $25k.
After paying off debt and spending a bit myself I should have give or take, $15k. (debt being a BIG chunk!)
After all credit card debt is payed, the only debt I have left is $9k in student loans and then about $9k in an auto loan
I've been thinking what to do with the rest.
I currently have a 401k from my workplace that I opened when I turned 21 (Im 27 now) would it be wise for me to roll this over to an IRA with my bank? and then perhaps taking some of the money and starting a CD?
Should I do the above and then play around in the stock market? (though I know NOTHING when it comes to stocks)
Could I possibly put some of that money as a down-payment on a house? I would get the first time home buyer credit which is tempting and I could actually own property then as well which is a bonus
After paying off debt and spending a bit myself I should have give or take, $15k. (debt being a BIG chunk!)
After all credit card debt is payed, the only debt I have left is $9k in student loans and then about $9k in an auto loan
I've been thinking what to do with the rest.
I currently have a 401k from my workplace that I opened when I turned 21 (Im 27 now) would it be wise for me to roll this over to an IRA with my bank? and then perhaps taking some of the money and starting a CD?
Should I do the above and then play around in the stock market? (though I know NOTHING when it comes to stocks)
Could I possibly put some of that money as a down-payment on a house? I would get the first time home buyer credit which is tempting and I could actually own property then as well which is a bonus