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Old 01-15-2015, 04:48 PM   #21
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Of all the plans you mentioned, the Roth is by far the easiest. Set it up, put some money into it (but don't starve yourself) then let it work for you for decades. "Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't, pays it." -Einstein
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Old 01-19-2015, 08:37 PM   #22
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Def would go the ROTH IRA if you are able to have earned income. But don't forget to have fun in school too!
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Old 01-20-2015, 08:12 AM   #23
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I've funded Roths for kids, basically matching what they earn with the deposit, it gives them a good start, they are full time students so this is only a few thousand but starts the desired behavior and some investing awareness. Your life sounds great go for it, and enjoy


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Old 01-20-2015, 04:29 PM   #24
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Medical school (I presume U of A in Tucson) is not going to be cheap, nor necessarily easy to get into. I believe there are particular courses that must be included in your undergraduate degree, check what they are at whatever medical program you intend to sign up for.


- If you are planning on Tucson, are you contemplating the dorms, or renting / buying (somehow) something within a short commute of the college? If renting/buying in Tucson, if interested I could refer you to our property manager, and/or the buyers agent we've used. Send a private message if interested.


In the event medical school doesn't work out, health care related may be a backup plan. Our daughter did the two year "community college" registered nurse program, passed the RN first attempt, and was working full time less than three months from graduation. She's now in an online RN to BSN program. Beyond the BSN there is the Doctor of Nursing Practice, or something like that, to qualify as a Nurse Practitioner.



The potential income is not bad.


It's a backup plan that potentially gets you working much faster, so you can get investments going, yet still advancing your "medical" education (maybe still paid by parents).
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