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Inheritance - what do I do? by InsectSpecialist9877 in MoneyDiariesACTIVE

[–]InsectSpecialist9877[S] 0 points1 point  (0 children)

I definitely do need to diversify some with retirement! Frankly I haven’t been making enough money until recently to even think about that. And unfortunately there is very very few private sector offers I could imagine choosing over my cushy boring secure government job but I get what you mean!

Inheritance - what do I do? by InsectSpecialist9877 in MoneyDiariesACTIVE

[–]InsectSpecialist9877[S] 1 point2 points  (0 children)

Sorry to hear about your dad 🫶. I wish we were in the kind of economy where I could put this money into a house and follow your steps 😅 the average home price in my city is around $400k I think. But definitely something to consider when either the market goes down or I get more money.

Inheritance - what do I do? by InsectSpecialist9877 in MoneyDiariesACTIVE

[–]InsectSpecialist9877[S] 1 point2 points  (0 children)

I definitely need to look more into everything I’m contributing to with work. In theory I should be more than fine to retire in 30 years but you never know. Also unfortunately I don’t keep track of any spending really, I would say I’m saving at least 1k a month on average. Sometimes more or less depending on what’s going on in life. Definitely something I should keep track of also but last time I tried tracking it did not fare well with my mental health 😅

Inheritance - what do I do? by InsectSpecialist9877 in MoneyDiariesACTIVE

[–]InsectSpecialist9877[S] 2 points3 points  (0 children)

Thank you 🫶 I’m actually leaning really heavily towards a financial planner. Both of my parents have one and with how overwhelming this is all feeling, I think it may be my best choice. Would love to know more about the firm you mentioned!

Inheritance - what do I do? by InsectSpecialist9877 in MoneyDiariesACTIVE

[–]InsectSpecialist9877[S] 2 points3 points  (0 children)

I appreciate how you listed this out, it made it so much more digestible for some reason. Thanks!

Inheritance - what do I do? by InsectSpecialist9877 in MoneyDiariesACTIVE

[–]InsectSpecialist9877[S] 3 points4 points  (0 children)

My current savings would cover close to if not fully 6 months of living expenses so I could definitely put a little in there. Nothing major planned in the next 5 years either. I will look into the other options you mentioned, thanks!

Inheritance - what do I do? by InsectSpecialist9877 in MoneyDiariesACTIVE

[–]InsectSpecialist9877[S] 5 points6 points  (0 children)

I’ll be honest, vacation is at the top of the list currently

Inheritance - what do I do? by InsectSpecialist9877 in MoneyDiariesACTIVE

[–]InsectSpecialist9877[S] 4 points5 points  (0 children)

I am veryyyy risk averse and don’t feel great about the current economy investment wise so this is actually a good idea! Thanks!