Ask Terry Questions Money from sale of house

Money from sale of house

By Terry Savage on July 07, 2022 | Financial Planning / Retirement

Good morning. I am selling my house and receiving about $180K in profit. I have a 457 plan which I can put up to $26.5k in to. Any advice on what to do with the rest?

Terry Says

It’s hard to give advice blindly. I have no idea how old you are, where you plan to move, how soon you would need this money. And I’m not so sure that your 457 plan custodian will allow a deposit from “outside”! Those plans are created by payroll deduction.

It seems this would be a good time with this windfall to get personal financial planning advice you can trust — from a true FIDUCIARY who does not charge commissions on products. Learn more at this link on my website to Wealthramp.

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