Tuesday November 24, 2009 2:22 PM ET
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SmartMoney Magazine by Brad Reagan and Janet Paskin
What Would You Do With $100,000?
FORGET WHAT THEexperts recommend. We want to hear from you.
If $100,000 suddenly found its way into your pocket, would you invest it, spend it, pay off debt or do a little of each? Are you thinking trip of a lifetime (or maybe a few) or a sizable (and sensible) boost to your retirement stash?
Click here to let us know.
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Order ReprintsUser Comments
Posted: 9:22 AM EST November 14, 2009
Posted by: sdejonge
I would contact my investment advisor and tell them about it. Take their advice and invest it for future retirement security.
Posted: 9:00 PM EST November 06, 2009
Posted by: mudcow
I'd put the money in CDs mature at different years and distribute the matured CD in the next 15 years to my favorite non-profit organizations; such as WTTW, NPR, Tzu Chi, local soup kitchens, Food Bank, etc.
Posted: 2:31 AM EST October 08, 2009
Posted by: jhbhg
The first thing I would do is talk to a good financial adviser and tax advisor. Then formulate a financial plan that would add to existing retirement accounts. I would use a portion to pay
off or pay down debt.
Posted: 3:46 PM EST August 21, 2009
Posted by: smart42
Many people are erroneous in thinking that they can invest in a roth ira. This $100 K would be counted as income, therefore if you are single you have exceeded the $90000 income limit to contribute to a roth ira, now if you are married with no other income you may be able to make it. I would invest all of it after giving $15000 to charity,
Posted: 9:47 PM EST August 18, 2009
Posted by: hippychic
Hire a Trust Attorney, personal trainer and chef and invest the rest.
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