Hello to you and yours. I am in the process of receiving a low to middle six figure settlement. I am a 30-something, married, and one child. We would like a portion to go directly to a Roth IRA for which we have none, and we want a portion of 25-40 percent to be used as a monthly income for us to offset the disability incurred and to supplement our income. Does anyone have any advice for a sound middle approach? We are currently planning but just want someone else's perspective. Thank you very much in advance for any help you could offer. :eek:

It is worth the weight in gold to talk to a financial planner.

My wife is receiving $$ from her fathers estate and I KNOW we'd be making some huge mistakes without him. And we're not complete idiots where money is concerned.

really. Talk to someone who can hear your needs and help you plan it out with a sound financial strategy... spending a little money to save a lot is worth it.

How about a financial planner within a bank such as Wachovia?

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Originally Posted by mz2richard

How about a financial planner within a bank such as Wachovia?

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That sounds like a good idea.

Although I have never heard of the bank Wachovia, but then, odds are you have not heard of Scotia Bank or CIBC.