Grandfather passed and left me with $400k .
Background:
43 yr old female, single, no kids, no debt. 401k (no idea amount), $50k Roth IRA, $100k cash. Sold my home and car to pay off parents mortgage. I live with my sister rent free just so I can have a place to de compress after 10-11 hour days 7 days a week. Her place is just 10 min drive away but I usually walk.
I left the corporate world 2 years ago to care for my aging parents. I've accepted this reality and understand that when the time comes and they've passed, I'll no longer be marketable and out of the loop of any current trends that I'll just work a retail job simply for the health care benefits.
I stopped contributing to my 401k and Roth IRA back in 2009 after the 2008 bust. I was not prepared for that large of a dip. Prior to that I was maxing contributions and company match.
I know with this windfall I'll have to put it in the market.
My Roth IRA is at Vanguard and it holds Target Retirememt fund 2045 VTIVX
Cash is held at Wealthfront currently earning 3.25%
My question:
1. I plan on maxing out contribution in my roth for 2025 and 2026. I initially opened VTIVX when I assumed I would retire at 65 but I feel I should be more aggressive. Would it be ok to put $14,500 in either 2050 or 2055 TD fund ? Any issues holding two TD funds in a roth?
2. I dont have time to rebalance and my plan is to open a taxable account at Vanguard and put the rest $385,500 in VT and chill for the next 25 years while still continuing to max out my Roth. What are your thoughts?
3. My parents are low income and the state of California pays me minimum wage to take care of them. Although its not a lot of money, I'm grateful nonetheless as the income I make goes towards my parents care. I've grown to live a simple life. I plan to keep enough to make up the difference to fully fund my roth. For example. My account at wealthfront earns 3.25 percent on my 100K. I'll assume $3k is what I would earn for the year and will keep $4500 from my pay to fund the Roth.
4. Considering this will be my first taxable account, anything pertaining to tax that I should be aware of when I file my 2026 return next year? For example: I would receive a 1099 int from Wealthfront. What should I be looking for in a taxable account at a brokerage? Anything else I should consider? I curretly use H&R block Deluxe.
Thank you for your time.