HatePayingTaxes
Recycles dryer sheets
- Joined
- Jul 7, 2006
- Messages
- 102
Hi,
Me and my wife have about $50k in cash sitting in ING right now and wondering what to do with it.
Our monthly expenses are about $4,700 a month. We make decent income with very stable jobs where we don’t really need a huge emergency fund. Probably won't buy a car for at least 5 years. Have a rental property. We're maxing out our Roth and 401k so that $50k is outside of retirement accounts.
As for the use of the money, we wanted to either start/buy a business, buy more rental property, or just put it into index funds. For starting/buying business and rental property, it depends on the timing so I have no idea when that'll happen.
Based on this information, what do you think we should do with $50k?
Thanks
Me and my wife have about $50k in cash sitting in ING right now and wondering what to do with it.
Our monthly expenses are about $4,700 a month. We make decent income with very stable jobs where we don’t really need a huge emergency fund. Probably won't buy a car for at least 5 years. Have a rental property. We're maxing out our Roth and 401k so that $50k is outside of retirement accounts.
As for the use of the money, we wanted to either start/buy a business, buy more rental property, or just put it into index funds. For starting/buying business and rental property, it depends on the timing so I have no idea when that'll happen.
Based on this information, what do you think we should do with $50k?
Thanks