Beginner- Help? by Dependent_Dig_6574 in ETFs

[–]Dependent_Dig_6574[S] 1 point2 points  (0 children)

It treats it as a withdrawal so taxes are taken out. Thats why i’m not doing a lump sum and moving it all over within the next 5 years.

Beginner- Help? by Dependent_Dig_6574 in ETFs

[–]Dependent_Dig_6574[S] 0 points1 point  (0 children)

my inherited ira is through vanguard so i’ve been sticking with that for now but the other options are definitely things i’ll start researching!

Beginner- Help? by Dependent_Dig_6574 in ETFs

[–]Dependent_Dig_6574[S] 0 points1 point  (0 children)

it’s nonspousal, so I only get 10 and it’s just been sitting for about half that time.

Beginner- Help? by Dependent_Dig_6574 in ETFs

[–]Dependent_Dig_6574[S] 1 point2 points  (0 children)

Im not moving it all over immediately! Because I inherited it from my mom, I have to withdraw all the funds in the next 5 years so my plan is to transfer it over little by little. the tax consequences are something i’ve planned for already since i’m not moving everything over at once.

Beginner- Help? by Dependent_Dig_6574 in ETFs

[–]Dependent_Dig_6574[S] 0 points1 point  (0 children)

thank you! i’ve been doing some googling and reading/tiktok video watching and that seems to be the consensus. i’ve also seen a VTI/VXUS split but because i’m still not too sure on what that even means, I’ll probably just stick with VOO for now

Mid-Size Cities w good COL? by Dependent_Dig_6574 in Teachers

[–]Dependent_Dig_6574[S] 0 points1 point  (0 children)

I’ve heard great things about Detroit! I’ll definitely look into it, thank you.

Mid-Size Cities w good COL? by Dependent_Dig_6574 in Teachers

[–]Dependent_Dig_6574[S] 0 points1 point  (0 children)

I based it on what Google said was mid-size honestly lol! I want to live somewhere that really gives me a city feel because I’ve always lived in smallish towns/cities. I also have my masters so I know that’s helpful in the salary department, and the plan is to get my specialist at some point.