ChiSquare1963 t1_j2c6k2o wrote on December 31, 2022 at 4:00 AM

Are you wanting to invest for retirement or for some other goal?

if for retirement, open a Roth IRA at Fidelity, Schwab, or Vanguard. You can open online. Pick a Target Date Retirement Fund that’s close to the year you turn 65 as your investment. Send your money to new account. You can put up to $6000 a year in IRA, as long as you have income earned from employment.

lost_girl_2019 OP t1_j2dbb6x wrote on December 31, 2022 at 11:57 AM

Does it have to be full time employment? I think it will be for retirement.

81632371 t1_j2de83i wrote on December 31, 2022 at 12:33 PM

It just has to be earned income.

ChiSquare1963 t1_j2eroo9 wrote on December 31, 2022 at 6:53 PM

Part-time employment is fine.

freeze_out t1_j2epmje wrote on December 31, 2022 at 6:38 PM

6500 in 2023

hvserv t1_j2duetm wrote on December 31, 2022 at 3:02 PM

He might also invest in gold, if he is having some long term Target.