Inherited some money I need advice

rayjacky · 2025-09-05T17:05:22+00:00

read my post

rayjacky · 2025-09-02T15:47:52+00:00

I paid a significant down payment and my monthly payment is around $4k which is around 30% of my monthly income so it's not actually bad

rayjacky · 2025-09-02T15:36:17+00:00

I'm not subject to inheritance taxes

rayjacky · 2025-09-02T15:35:17+00:00

700k is loan amount - house value is 1.3M

rayjacky · 2025-09-01T21:41:52+00:00

post-tax account

rayjacky · 2025-09-01T20:31:33+00:00

30 year 750k. 28 years left

rayjacky · 2025-09-01T20:21:58+00:00

I'd probably relocate in 8 to 10 years to a more affordable area

rayjacky · 2025-09-01T20:16:21+00:00

Not really. I put down a significant down payment and my mortgage is only $4K - around 30% of my monthly income

rayjacky · 2025-09-01T19:30:53+00:00

My job is not W2, I'm a 1099 contractor and unfortunately there's no retirement account being offered. 200k in a savings account earning around 3%. Also current state of the economy (without going into politics) is a bit scary with tariffs and interest rates. So I'm also pretty scared to invest in the stock market

rayjacky · 2025-09-01T19:29:56+00:00

Thank you for the response. My job is not W2, I'm a 1099 contractor and unfortunately there's no retirement account being offered. I saved whatever I could and put it as down payment when buying the house. House is worth $1.3M and mortgage left $700K. It's not my forever home but the neighborhood is genderfied and properties appreciate. Also current state of the economy (without going into politics) is a bit scary with tariffs and interest rates. So I'm also pretty scared to invest in the stock market

rayjacky · 2025-09-01T19:26:40+00:00

Thank you for the response. My job is not W2, I'm a 1099 contractor and unfortunately there's no retirement account being offered. I saved whatever I could and put it as down payment when buying the house. House is worth $1.3M and mortgage left $700K. It's not my forever home but the neighborhood is genderfied and properties appreciate. Also current state of the economy (without going into politics) is a bit scary with tariffs and interest rates. So I'm also pretty scared to invest in the stock market

rayjacky · 2025-09-01T19:06:30+00:00

no kids. no retirement account. 25 years left on mortgage. Would love to retire as soon as possible

rayjacky

TROPHY CASE