Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [lump-sum]

30 questions
31
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5 answers

Short term parking of a large inheritance?

What are the options available for safe, short-term parking of funds? Today I received an inheritance check for $250,000 (I am in the U.S) and I don't know what to do with it – at least in the short term. I have no debt at all and aside from a few…
spring
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Does dollar-cost averaging just means taking risk later?

I am investing in mutual funds and hence reading and trying to learn about it. I was reading this answer which says lump sum investment is far more efficient than DCA. Well, that does not surprise me. I am aware that lump-sum will outperform…
Aastik
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23
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3 answers

Paying off student loans early/lump sum -- best practices?

My wife & I have run into a large sum of cash recently and are interested in paying off/paying down our student loans -- about $30k between us, at about 6.5% avg interest. We're both earning enough that we can no longer claim student loan interest…
internetproj
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15
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2 answers

Can I make a lump sum contribution to my employer's 401(k) plan?

I recently sold a rental property and have a surplus of cash sitting around. If possible, I'd like to make a lump sum contribution to my employer's 401(k) plan. Is that possible? Or would I need to increase my contribution percentage a whole bunch…
Jacob
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15
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4 answers

Got a "personal" bonus from my boss. Do I have to pay taxes and if so, how do I go about that?

For meeting some personal goals my boss gave me a promised $20K check. This check is not a part of the company payroll. I assume it's too large to just deposit it and forget about it with out the IRS coming knocking so I guess I have to pay taxes on…
Tom
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15
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3 answers

Invest smaller lump sum vs investing (larger) monthly amount

I am receiving monthly compensation for having to move due to the demolition of my apartment building. I have two choices for the compensation: Take the compensation, at $755/month for the duration of the construction project for the new building.…
Paul Holden
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12
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3 answers

Dollar cost averaging - Should I still do it if I have a large pile of cash now?

I currently have a large pile of cash savings ($240,000) which I really should have been investing all this time, but the past is past and no point dwelling on it. I am currently 38 years old (2 kids. Wife who is also a high earner - $100,000), with…
cgg
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7 answers

What should I do with my $10K windfall, given these options?

Let's say you get a $10k windfall. How do you determine what is the best thing to spend it on? We need a new roof. Our mortgage is moderately underwater but not in bad shape and we are content where we are. We make $550 in monthly car payments--owe…
Don
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4 answers

How should my nearing-retirement parents handle a lump sum?

My parents are about 5 years from retirement age. Their combined income is around $20,000 a year. They live in a very low cost-of-living area, so they live a pretty simple life without many frills. Not a lot of money in; not a lot of money…
BrosephRoseph
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2 answers

I inherited a lump sum and paid off my debts. How can I preserve the value of remaining capital?

I managed to benefit from an inheritance lump sum payment overseas. After paying off my debts, I will still have majority of that inheritance lump sum. My goal for that money is to preserve its value. Investing them in GIC, bonds, or other cash-like…
stanigator
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4 answers

Worried about wife's spending habits with impending lump sum

My wife of 18 years has a problem with money. She has stolen from banks using my identity, falsified documents to get cars, and has been to prison over it. I pay for everything and give her whatever I have left over, which is very little. We…
user1049286
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Paying monthly income from a lump sum

I live in the UK, and am just starting a 4-year PhD programme. My living expenses are funded by means of a tax-free stipend of £16,553 per year, paid in quarterly instalments of £4138.25. To help with budgeting, I would like to pay myself a monthly…
anon1802
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Is accepting a pension cashout (either on retirement or termination of employment) better than an annuity?

After the vesting period, all funds my employer contributes to the pension fund on my behalf are listed as being "mine", and upon end of employment (retirement, voluntary termination, etc), I have the choice of accepting a payment either in the form…
warren
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Derisk assets and reinvest proceeds (stocks to ETFs/cash)

I have some US-based stocks in a company I recently liquidated. I would like to reinvest 50% of the proceeds into ETFs for eventual retirement, set aside 25% set aside for medium-term cash needs (house down payment), and 25% for capital gains…
nocariño
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I am going to recieve £10k and I am a minor

My grandmother is going to go into care very soon and as a result, sell her house. Each of her four grandchildren are going to recieve £10,000 from the sale of the house to help kickstart ourselves - my cousin wants to move cities, another wants to…
Gladiator Kittens
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