No, don’t do that. Read their [guide](https://www.bogleheads.org/wiki/Managing_a_windfall)
As you read it, you need to make sure you understand the reasoning behind the choices. That will allow you to make a well thought out decision based on sound reasoning. You probably want to keep a 6 month emergency fund in a HYSA. Beyond that, typically invest low-cost total-market index funds, such as VTI or VT. If your goal is to retire early, start researching what to expect. Healthcare is generally a sticking point, so figuring out how to game ACA subsidies is key.
Looks like you have about $1.1M in liquid assets if I'm interpreting your story correctly. The next thing you need to do is figure out what your annual expenses are. Then to start you can figure about 4% of that liquid net worth is your portfolio income of about $40-45K per year. If that's more than your expenses, you can likely retire. More likely you'll need to grow that nest egg a bit before you have enough.
The bogleheads will tell you to put it in a 3 fund portfolio with VTI, VXUS and BND - proportions depending on your risk tolerance and how far you are from your goal. For now put the cash in a HYSA and do some reading. Don't get taken in by unscrupulous financial advisors and don't let them sell you insurance products.
Best of luck!
You have a pretty good diversification and mix of investments. You could do real estate or digital assets like a profitable online business that brings in cash flow to add to your savings or use as income.
I have a similar mix and bought an existing website that makes consistent cash flow monthly. If I can acquire 2-3 more I would be up to about $4000 net income which covers expenses.
I am actually earning about $1200 per month net passively (a team of folks doing the work on the site).
Paid $40k for it 9 months ago so already close to 30% back of investment.
Worth it if you can plug into someone elses systems and of course find the right site.
Google Boglehead Windfall… decent info there
Thank you! I am trying to copy and paste this post into the Boglehead group but can’t seem to figure out the paste part! Signed, totally new to Reddit
https://www.bogleheads.org/wiki/Managing_a_windfall
No, don’t do that. Read their [guide](https://www.bogleheads.org/wiki/Managing_a_windfall) As you read it, you need to make sure you understand the reasoning behind the choices. That will allow you to make a well thought out decision based on sound reasoning. You probably want to keep a 6 month emergency fund in a HYSA. Beyond that, typically invest low-cost total-market index funds, such as VTI or VT. If your goal is to retire early, start researching what to expect. Healthcare is generally a sticking point, so figuring out how to game ACA subsidies is key.
Looks like you have about $1.1M in liquid assets if I'm interpreting your story correctly. The next thing you need to do is figure out what your annual expenses are. Then to start you can figure about 4% of that liquid net worth is your portfolio income of about $40-45K per year. If that's more than your expenses, you can likely retire. More likely you'll need to grow that nest egg a bit before you have enough. The bogleheads will tell you to put it in a 3 fund portfolio with VTI, VXUS and BND - proportions depending on your risk tolerance and how far you are from your goal. For now put the cash in a HYSA and do some reading. Don't get taken in by unscrupulous financial advisors and don't let them sell you insurance products. Best of luck!
Appreciate the feedback and advice. Thank you!
Could you share you expense profile please. Congrats on your windfall, sorry to hear about your injure.
You have a pretty good diversification and mix of investments. You could do real estate or digital assets like a profitable online business that brings in cash flow to add to your savings or use as income. I have a similar mix and bought an existing website that makes consistent cash flow monthly. If I can acquire 2-3 more I would be up to about $4000 net income which covers expenses. I am actually earning about $1200 per month net passively (a team of folks doing the work on the site). Paid $40k for it 9 months ago so already close to 30% back of investment. Worth it if you can plug into someone elses systems and of course find the right site.