So my 21 year old daughter just inherited $140k from her grandpa
She will graduate college this May and is planning to move to Nashville and get a business management job in the music industry.
I just got her a brand new car 🚗 and will also be paying off her entire tuition
(19k due November 26') So she will have zero debt coming out of college to start her new career..
I was thinking she should put 30-40k in her high yield savings account (currently 3.85%) and then put the remainder (100k)in her own taxable brokerage account ,and invest every penny in VT and call it a day...
Any thoughts on this situation?
I also have alot saved for her future in my brokerage right now so that's her backup plan when i pass away.
MAIN QUESTION 🙋 is about investing the 140K
⬇️
VT and chill or something more aggressive? thanks Bogleheads!! peace ✌️