Comments on: How to invest $20,000 – And Grow It! https://www.savingfreak.com/how-to-invest-20k-dollars/ Learn to Save, Make, Invest, and Protect Your Money Wed, 12 Jan 2022 03:02:28 +0000 hourly 1 https://wordpress.org/?v=6.7.5 By: Jennifer https://www.savingfreak.com/how-to-invest-20k-dollars/#comment-38073 Sun, 13 Jan 2019 01:06:40 +0000 https://www.savingfreak.com/?p=14390#comment-38073 How can I invest 20,000.00 ?
My idea is to eventually be chef/owner. However I don’t think it’s the right time.

]]> By: Paul Moyer https://www.savingfreak.com/how-to-invest-20k-dollars/#comment-36555 Sat, 17 Nov 2018 23:13:40 +0000 https://www.savingfreak.com/?p=14390#comment-36555 In reply to Alice C Cassell.

Hi Alice,

IF you have a retirement account, you should be able to roll that into an individual IRA. If you plan to take some out to pay off your debt, then take out the absolute minimum because you pay a penalty on top of income taxes.

]]> By: Alice C Cassell https://www.savingfreak.com/how-to-invest-20k-dollars/#comment-35696 Mon, 08 Oct 2018 15:24:24 +0000 https://www.savingfreak.com/?p=14390#comment-35696 Thank you so much– many great ideas. I realize I need to pay my credit card debt- about 6000, And make a emergency fund (maybe not 6mos lol.).

My question- I have 28800. from a retirement account that I must take- either lump sum (which I will do) or not. How can I have the least income tax in New Jersey burden?

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