Investing
Hi Terry,
I recently sold my condo and netted about 75k. I paid off all my debt and some of the proceeds are going towards a down payment on my new house. I will have about 40k left to save/invest. I want to enter into something that will allow me access to my funds without penalty while still earning something on my money. What do you suggest?
Thanks so much for your time!
Terry Says
I can’t answer that question without knowing how old you are, whether you are actively saving for retirement, whether you have truly budgeted for the expenses of a new house (since you accumulated debt while owning a condo) and a lot of other factors. This is why you should consult a fee-only financial planner, who can look over all of these issues and point you in the right direction for your circumstances.
I suggest you go to www.NAPFA.org — the website of the fee-only Certified Financial Planners — and set up a free first meeting to learn more.
