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CQME t1_iuf3tuq wrote

Reply to comment by [deleted] in I will receive a stipend of $150 a month for the rest of my life. How should I handle it? by [deleted]

You can open up a brokerage account with this one deposit going into an index fund, and just leave it alone. You can check now and then to ensure there's nothing untoward.

My goal once I am back in the workforce (in school right now) is to open up a taxable putting $500/mo into FZROX and just leave it on auto pilot, check back in after 30 years. This on top of the regular suite of retirement advice. I figure it would be a nice gift for a deserving relative.

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