well, when I turn twenty-five I have a bit of money coming my way, in the area of $100,000.00..

NOW, this is what i'm going to use to put towards a home.. something I own basically with my wife and I. Now, we're probably not going to actually be wanting to buy a house until our late twenties(27-29, due to the fact that with our careers we're not sure where we're going to actually settle).

Now, if i was to recieve this money (and does anyone know if trusts can be taxed??) I was thinking of putting it into a savings account and not touching it until it's time for a home.

Does anyone know what type of savings accounts are best to just build a bit off the interest.. what type of interest can be gained off $100,000.00 in four years?

anyone?

wow nice chunk of change. but if you know for sure you are not going to need it or touch it for a few years i'd put it elsewhere other than a savings account where inflation will actually cause you to LOSE money.

at least do a CD. maybe even a no load mutual fund? nothing risky obviously... there are 6mo and 12 mo CD's i know off the top of my head,.. the more you put in the higer the interest. but you cant touch it for the term.

another option would be to buy a house now. and RENT it out.
in five years it should turn a very healthy profit. or better yet just keep renting it out and use that income to help finance your new house in 5 yrs.
ive learned that buying and selling houses is not as profitable as OWNING them and renting them out. it'll take longer obviously to get your moneys worth but land is something that we are quickly running out of.

another option would be to buy a house now. and RENT it out.
in five years it should turn a very healthy profit. or better yet just keep renting it out and use that income to help finance your new house in 5 yrs.
ive learned that buying and selling houses is not as profitable as OWNING them and renting them out. it'll take longer obviously to get your moneys worth but land is something that we are quickly running out of.

This is a great idea BUT make sure the cash flow on the rental is positive or you'll just be spending yourself into a hole.

--Wag--