The two main questions will be how long and how much? Also depending on how open you want to be I recommend being out of debt or close (not counting your house). Best financial advise is when you have help looking at the full picture. Debt, income, retirement funds and goals. Budgeting will help you invest more. INVESTMENT CHOICES: (general info skip if you understand them already) ROTHS are ideal. Dave Ramsey highly recommends them. However how long you plan to hold comes into effect. ROTH rules to know: Contributions: Tax free in /tax free out - An investor can take out the exact amount of his or her Roth IRA contributions at any time, for any reason without having to pay any tax or penalty. Earnings are different! Earnings: ideally need to stay in for five years. If needed before 5 years paying for college or first home purchase. No penalty but would be subject to normal tax bracket. If needed ...
Friends I want to help you! Feel free to ask me about specific topics. I am a SAHM after 10 years in the financial industry. I've worked for two brokerage companies and also began in a customer support for annuities.