Hey Everyone,
I just wanted to pick peoples brains on what to do with a lump sum of money in a taxable account.
We recently sold our lake property and will be getting around $175K from the sale. I also currently have around $100K cash sitting in SPAXX in my taxable. Our retirement accounts are sitting around $800K, college savings around $110K if that info is relevant. Currently about 15 years out from retirement.
I’m looking to have all the $275K in fixed income/bonds/money market in my taxable, and reinvest monthly dividends into VT. Where would you put it? We most likely would not need to access this money unless our business revenue was cut by over 50%, which is possible with something like Covid but unlikely even with a recession.
Any advice appreciated.