Saturday November 7, 2009 3:11 PM ET
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SmartMoney Magazine by Brad Reagan and Janet Paskin
What Would You Do With $100,000?
FORGET WHAT THEexperts recommend. We want to hear from you.
If $100,000 suddenly found its way into your pocket, would you invest it, spend it, pay off debt or do a little of each? Are you thinking trip of a lifetime (or maybe a few) or a sizable (and sensible) boost to your retirement stash?
Click here to let us know.
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User Comments
Posted: 9:00 PM EST November 06, 2009
Posted by: mudcow
I'd put the money in CDs mature at different years and distribute the matured CD in the next 15 years to my favorite non-profit organizations; such as WTTW, NPR, Tzu Chi, local soup kitchens, Food Bank, etc.
Posted: 2:31 AM EST October 08, 2009
Posted by: jhbhg
The first thing I would do is talk to a good financial adviser and tax advisor. Then formulate a financial plan that would add to existing retirement accounts. I would use a portion to pay
off or pay down debt.
Posted: 3:46 PM EST August 21, 2009
Posted by: smart42
Many people are erroneous in thinking that they can invest in a roth ira. This $100 K would be counted as income, therefore if you are single you have exceeded the $90000 income limit to contribute to a roth ira, now if you are married with no other income you may be able to make it. I would invest all of it after giving $15000 to charity,
Posted: 9:47 PM EST August 18, 2009
Posted by: hippychic
Hire a Trust Attorney, personal trainer and chef and invest the rest.
Posted: 5:55 PM EST July 31, 2009
Proud to say, that has just happened to us. We are going to make a llist of the things most important to us and over the next ten years, action the items on the list.
1. See granddaughter more often and longer. She's in WI we are in Cal.
2. See the Western USA. Go on some Cruises and
spoil ourselves a bit. We are retired and need to take advantage of good health before time moves us beyond the ability to enjoy our lives.
1. See granddaughter more often and longer. She's in WI we are in Cal.
2. See the Western USA. Go on some Cruises and
spoil ourselves a bit. We are retired and need to take advantage of good health before time moves us beyond the ability to enjoy our lives.
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