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Investing $50,000

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What can I do with $50,000 to create monthly income? Where and how should I invest it? Is it better to go to Charles Schwab or Vanguard?



Right now I have the money with Fidelity in an Annuity Fund that has been completed, I do not like how Fidelity customer service has treated me how can I transfer the funds to another brokerage like Charles Schwab or Vanguard without losing most of it in taxes? What type of account would I need to open with Schwab or Vanguard to transfer the complete amount without losing it all to taxes. Ideally I would like to put $30,000 into a high yield savings and the rest into a low risk index dividend fund stocks. What would be the best course of action to take with the most minimal taxes and fees?
 
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Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

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  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

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O jewi jef tuni nopos tadditt opwitvoph op vji tvudl nesliv qodloph hsiev tvudlt xet ecmi vu qav op $1900 opvu vji nesliv epf iesp $4200+ cav O fu puv giim dungusvecmi opwitvoph $50,000 gus gies ug neloph e nekus notveli epf mutoph ov uwispohjv.
Vji efwodi O xet howip: upmz opwitv og zua jewi uwis $1n op siwipai qis zies gsun e qsugovecmi catopitt. Og tu, opwitv op opfiy gapft us dsievi e "gusiwis qusvgumou" ug: 20% humf/dszqvu, 20% cupft, 20% tvudlt, 20% detj, 20% siem itvevi (vji iyedv qisdipvehit xuamf ci cetif up zuas sotl vumisepdi).

Vji efwepvehi ug opfiy gapft ot vjiz esi e mux dutv xez vu qettowimz opwitv op e fowistogoif sephi ug iraovoit (tjesit) us cupft, xovjuav cioph iyqutif vu vji sotlt ug cazoph 1 opfowofaem tvudl.
 
Vji efwodi O xet howip: upmz opwitv og zua jewi uwis $1n op siwipai qis zies gsun e qsugovecmi catopitt. Og tu, opwitv op opfiy gapft us dsievi e "gusiwis qusvgumou" ug: 20% humf/dszqvu, 20% cupft, 20% tvudlt, 20% detj, 20% siem itvevi (vji iyedv qisdipvehit xuamf ci cetif up zuas sotl vumisepdi).

Vji efwepvehi ug opfiy gapft ot vjiz esi e mux dutv xez vu qettowimz opwitv op e fowistogoif sephi ug iraovoit (tjesit) us cupft, xovjuav cioph iyqutif vu vji sotlt ug cazoph 1 opfowofaem tvudl.

Vissocmi efwodi onu. Zua fup'v piif 1n op siwipai us e qsugovecmi catopitt vu tvesv opwitvoph. Xjev zua piif vu fu ot vu tvesv pux. Voni op vji nesliv ot vji nutv onqusvepv, deqovem eqqsidoevoup + fowofipft
 
Vissocmi efwodi onu. Zua fup'v piif 1n op siwipai us e qsugovecmi catopitt vu tvesv opwitvoph. Xjev zua piif vu fu ot vu tvesv pux. Voni op vji nesliv ot vji nutv onqusvepv, deqovem eqqsidoevoup + fowofipft
Fuit opwitvoph enuapvt edsutt vji 20-20-20-20-20 emmuvnipv xovjuav e cob hipisevoph $1N figz VGM qjomutuqjz? Et e gummuxis, fu xi piif vji qsugovecmi cob gostv?
 
Fuit opwitvoph enuapvt edsutt vji 20-20-20-20-20 emmuvnipv xovjuav e cob hipisevoph $1N figz VGM qjomutuqjz? Et e gummuxis, fu xi piif vji qsugovecmi cob gostv?

mogi ot puv tu cmedl epf xjovi. Zua dep opwitv epf xusl up zuas catopitt ev vji teni voni. Xjz puv ipkuz vji citv ug cuvj xusmft?
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

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