No. of Recommendations: 3
Hi, nontrad. First, kudos to you for pursuing your education even if later in life. Let me say categorically that you should NOT invest any monies you will need in the next 3-5 years to live off of. In addition, you need to have an emergency reserve of 3-6 months living expenses for any costs that come up unexpected. As a mother of an 11 year old boy, you KNOW accidents happen, so it is important to be prepared, financially. Consider it a form of self-insurance.

After you have set aside money you need for living expenses, your eFund and any other savings goals such as a family vacation, any additional disposable cash would do well for you invested for retirement. You're still young (even if you don't feel like it), so even small contributions today have the potential to grow over the next few decades.

I hope your Betterment account is a Roth IRA. If not, you should talk to them about converting. Given your situation, you are probably in a low tax bracket, and while your contributions may not be tax deductible in the current year, your distributions upon retirement will be tax free.

Who wishes you the best of luck and hope the degree programs you are pursuing serves as a model for your son and pays off with a good professsional career in the second half of your life...

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