Left-Landscape-3890 t1_ixwua5e wrote on November 27, 2022 at 12:21 AM

Reply to comment by JoExoticTigerKing in Parents left be about $33K in cash after they passed. How should I invest this? by JoExoticTigerKing

While that's true, don't sleep on cashflow. You're out 500 a month with that car payment. That's nearly enough to max a roth ira. An option could be max this year and next roth ira and pay down the car with the rest.

whisky_in_your_water t1_iy0aqnw wrote on November 27, 2022 at 7:55 PM

Or you could just max the IRA every year for the life of the loan ($33k is enough for ~5 years). Just stick it in t-bills for now and invest $6k of it or whatever in an IRA each year.

Cash flow is nice, but it's worse than getting a better return.

The main exception is if OP would switch to cheaper insurance without the loan, which would probably be better value than the higher returns in t-bills.