Hello – I have won the lottery.
Then she informed me that since I was leaving less than a year after my tuition, I owe them $500 making it $8,007. Still – it’s $8,000 that I didn’t plan on having in my hands.
So the next step is to figure out what to do with it and I have until next Wednesday to decide. Do we take it in a large sum, change my withholdings and pay the taxes on it? Or place it in a Roth IRA to defer taxes?
I went to Dave’s ELP site and requested the contact information for one in our area. It would be tragic if we didn’t take the right steps to get the most out of our money. My initial thought is to pay off my car or to save for IVF. I am so THANKFUL for this problem but need to figure out what to do soon!