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Put it in an IRA comprised of Vanguard index funds. Play with other investments in the future when you have more money.
by staticautomatic 8y ago
Put it in an IRA comprised of Vanguard index funds. Play with other investments in the future when you have more money.
- cimmanom 8y agoFWIW, IRA contribution limits are $5500/yr. You can't put $100k in an IRA all at once.
- staticautomatic 8y agoThe limits don't apply to rolling over a 401K into an IRA. They're for contributions to an already established IRA.
- cimmanom 8y agoOK, but the OP said they have $100K cash, not $100K in a 401K
- staticautomatic 8y agoYou're right. I misread. Thanks for pointing that out.