The company I work for is getting bought out by a larger competitor and my ESPP shares are being bought out.
I'll be getting around 35k USD.
I have a 401k as well with about 26k in it and 12k in a savings account.
My question is what do I do with the ESPP money? Any other advice?
Im 27 and in SoCal.
No debt thankfully.
I am thinking of going back to school, but I'm not sure if it's worth it.
I make about 65k a year and it's nothing in California.
Are investment properties still viable?
Buy to rent? Always, It depends a little bit on Cali's tax regime whether its the best option but it will be profitable. Go up market or young professional if you do.
Spending on a bigger place from yourself shouldn't really be thought of as a financial investment.
1)It gets emotive
2)Its perfectly possible to make changes to a property that lower value despite you liking them
3)Not very liquid. A minor point but it compounds
4)You have to move if you need the money.
I live in the guesthouse at my parents house and at my girlfriends place most of the time, so it would be a buy to rent out situation, at least for now.
What do you mean by "market or young professional"?
Thank you for the advice
There was rumors floating around but nothing concrete about a month before.
I didnt know until we received a company wide email. That same day the PR announcement was made. Im not exactly high up on the totem pole, just a production manager at one of the larger plants.