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Personal Investments • 200-300k windfall

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Hi I am 40 and married w three young kids

700k combined pretax income.

1m in combined pretax retirement accounts
140k in Roth combined
140k in kids 529s
900k in current mortgage at 6.35% rate
Got about 6 months of living expenses saved

All our pretax accounts are maxed out for the year

Selling our previous home and looking to get 200-300k profit.

I have an investment account through fidelity. And one through Morgan Stanley associated with a CFA

I’m looking for long term max gain and don’t need nor want the money any time soon. No big new expenses expected.


Should I just throw it all into a low cost etf like itot?
My pretax accounts are all low cost fidelity funds and pure equity so I am nervous to not be diversified enough.


Should I give some to the CFA to invest ? He does charge a 1% AUM fee. He suggests a someone complex array of equity and bond funds.

I’ve looked at some real estate syndicates due to the potential tax play.

Maybe just put some toward my current mortgage? I am suspecting that the mortgage interest deduction will rise sometime after 2025 though.

Appreciate your thoughts. Maybe a combination?
Max mortgage for federal deduction is 750k. I would pay-off about 150k to reach 750k. Instead of paying 1% AUM, I would just buy total stock market index ETF.

Statistics: Posted by babystep — Mon May 20, 2024 12:04 am — Replies 6 — Views 450



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