Can you receive social shelter at 65 and never enjoy worked?
Question:
Answer:
Nope. I got a communication about 3 months earlier my 25th birthday from the Social Security Administration that I had a career that did not pay social shelter taxes. If I want to qualify for Social Security, I have to find a position that does pay social financial guarantee taxes or get married to someone who remunerated social security taxes.
So, if you never worked surrounded by your entire life, consequently you don't get social guarantee, unless you marry someone who did pay social warranty taxes.
you have to own earned income, dividends and interest don't count
You own to pay into Social Security contained by order to collect it. The merely exception might be if you are or were married to someone who compensated into SS or if you are a dependent of someone who paid within.
Check online, but as far as I know, you have to work 40 base or 10 years to collect and some people enjoy to be older than 65 - it depends on when you be born.
Check online to see where you trickle.
If your spouse passed away, you can collect on his/her account.
The page on the Social Security Administration's site that address eligibility says: "If you be born in 1929 or then, you need to own worked for at least 10 years to be eligible for retirement benefits." More specifically, you have to have have a job contained by which you paid into the system. In other words, if you be paid lolly and didn't declare the income on your income toll returns (Forms 1040), you won't collect Social Security.
not the regular version of it...you may can get hold of some supplimental income from ssi but you will have to prove you is broke and dont own no business or propertys.
Well, believe it or not, the answer is yes and no.....
While the core requirements state that you have to own worked 10 years to collect, there are numerous loopholes where on earth people can collect.
If you are a surviving spouse of someone who have worked, then you can collect.
If you are a recent immigrant, afterwards you can collect. (this is the real ripoff, as we crisscross up being a third world retirement home) If a endorsed resident sponsers their parents or grandparents and they get citizenship, they can collect social collateral even though they have never worked or compensated into the system.
There are also loopholes for people who own worked entry level job as often they are given SSI. If you can prove slow study or a drug or alchohol problem they say you enjoy mental imparement and can collect.
Living surrounded by an RV?
Question:
Okay. My fiance and I are getting married in June. We are really thinking give or take a few living in an rv for a year or two. We love the outdoors, but we aren't doing it so much for travel...we want to do it so that we can foot off debt, amass money for a nice home one day, and afterwards have something to jump camping within for the future. Has anybody lived surrounded by an RV before? Is it "doable"? What are the positives and negative? Will we really be able to hide away alot of money?
Answer:
Hi!
Yes you could live in an RV and salvage money. You could also spend more than living in a nice house. If you travel much and stay surrounded by nice RV parks you could spend hundreds of dollars a day for fuel and space rent. If you stay surrounded by one park for monthly rent ( anywhere from $150 to $800 or more plus electricity and propane) you could save money contained by some parts of the country. You need to investigate parks effective where you want to live and check availability of a space. They recurrently have a waiting register!
Also like mentioned above, you own to be careful nearly how much you invest in an RV. They lose their worth quickly and can be not easy to sell when you want out.
There are some apposite books and web sites roughly living in an RV full time. It is call "Fulltimers" in the RV world. My wife and I own been doing it for 3 years.
You will donate up some conviences and suffer some weather discomfort if it is very cold or impressively hot. All newer rigs have upright air conditioners and heaters, but the bake and cold coming through the walls in spots leaves an broken up temp. at times. Also you should b e handy with fixing little things and awareness how to operate all the systems on the coach or you will be at the mercy of the repair population.
We have met fairly a few young relations living in RV's that own roving jobs and they seem to be to get along fine. Some even own small children, but I wouldn't recomend that.
You should do a lot of research beforehand you decide.
Good luck.
i despicable it!
It's a great idea, financially, but your relationship have to be strong.
You are going to be closer than ever by living in an RV, and you really won't hold any "me" space. It will seem resembling the walls are closing in on you at times.
Now you own said you both love the outdoors, so it may not really be a big deal, because you won't really be within the RV very much, you will be outside.
You may know how to make it work. Just remind yourself to spot when it is becoming a problem, be honest with respectively other, and when it becomes too much, find a different living arrangement.
If you both regard as your relationship won't suffer, then be in motion for it.
P.S. Watch the movie RV, it's really funny!
the way gas prices are right very soon? i doubt it, but it would be a great experience though. i have other wanted to travel
Ever see Christmas Vacation? Cousin Eddy?
no, RV is going to be a niggle in the a*s to live contained by because, all of the stuff u inevitability to repair it and what not, gas for the oven, and i think it WILL thieve longer than 1-2 years to get anought money for a upright house, but it is anought money for a house with-out kids in mind tho. I use'd to live within an RV it took me about 5 years to attain the money for my house and i worked for BK, i was the arranger. hope u 2 have the best of luck and i hope u guys will find a great house to own kids or not :P i have 2 in a minute.
Unless you are getting a great deal on a used one, I wouldn't do it. My line owns an RV dealership, and the nice ones are far more expensive than most people realize. You'll be paying a data on it that's as much as a car minute at least, and as much as a house make a note of at most, unless you're buying with lolly, and then you could only just use that as a home downpayment instead.
Also, if you don't own a piece of land to put it on, you will be paying lot rent to someone, whether it's a private piece of estate or trailer park or campground.
Also, if it's financed you will have to enjoy insurance on it as well. Too me it's purely too many costs for someone trying to salvage money. That's why you see most people buying them after they carry established - they are just another grown-up, expensive toy. Unless, as you would expect, you plan to live in it forever and never buy a house at all.
my brother and his wife lived contained by a small trailer for the first 5 years old their wedding ceremony, they were competent to save satisfactory money to buy some land and build a house on it. they very soon have a 100,000 house salaried for
There are lots of pros and cons, but most are cons.
First let me produce an assumption: You already have job that will require you to stay in one spot for immediately.
Cons:
No land flash phone: for the most part, cell phones are more expensive and service can be disrupted greatly depending where you are. Some RV parks are getting wireless access but if your internet is going to cost a bundle.
Cost: Rvs are not cheap to buy or travel in. You will salary as much for an RV or more than a mobile/manufactured home and about as much for rent, electricity and propane A mobile home could be an way out for you to consider.
Not much space.
Poor resale value
I would really depend on you and where on earth you are. Rents may be cheaper where you are but as you would expect you will have your initial cost of owning.
What is the first step to have great credit?
Question:
i have start paying alot of my debt down, and very soon i only hold school debt vanished, but is there anything else i can do to net my credit look better?
Answer:
Build up your savings story so that you have at lowest 2 months of salary surrounded by savings. This shows your handiness to avoid debt.
Also, get rid of credit cards that you no longer entail. Each card is a piece of your entire credit worth. Anyone who would give you a loan would see these as the total amount you are competent to borrow, not only what you owe. Paying rotten your debt shows responsibility and the ability to foot. Total credit available shows the trouble you can get into.
ie. You hold 5 credit cards, all next to $10,000 limits. You one and only owe $5,000 on 1 card. A potential lender will see you as having the skill to be $50,000 in debt. He would consequently offer you a smaller loan base on this.
Pay all your bills prompt.
pay your credit cards bad every month, never have a delayed fee/payment, never spend more than you have
Continue to compensate all your bills in good time, and also don't close any credit card accounts, even if you find a better rate. Closing any accounts actually hurts you. You can move about to www.myfico.com. This is a site that I use myself to watch my credit reports and to play near what-if scenarios to see how it would affect my credit rack up.
If you try to get a another credit card or find a credit card, remember that it will affect your score at first, sometimes positively other times negatively. All depends on when and how much revolving credit you hold currently, and how maxed out you are on your cards if any.
Good luck and take a look around, I am sure that you will find that other nation have asked this cross-examine here before.
spawn sure u pay your bills in good time!!
thats the best u can do for yourself..
Don't get any more cards and lone buy what you really need.
My parents made the mistake of have 20+ cards and are in hundreds of thousands surrounded by debt. We barely enjoy enough food to guzzle. What I decided to do be take charge... haha... I added up how much they be paid every month. Then I added up how much each monthly bill cost + some money for food and necessities (Ex. toilet treatise, animal food, etc... Not things like prompt food, clothes, dates etc.) Then after I subtracted the total cost of everything from what they form, that is what we can spend for what we close to every month. The best thing to do is fix and make sure you know how much you hold before spending...
Just hold making regular, on-time payments. And make sure you aren't using too much of your available credit (ie: don't exceed more than 50% of your credit card limits). If you're maxed out-- ask for a credit shorten increase. Or, switch to a new credit card near a higher credit restrain. This will help modernize your credit score.
* Don't receive the mistake of creating even more debt if you increase your available credit!
GOOD LUCK!
Small steps like paying your bills in good time and using only chunk of the credit available to you. Also use your credit cards for making small payments regularly, so that it is reflected contained by your credit record. More tips available at http://www.acreditlibrary.com/buildcredi...
Is in that any bank society that I can earnings money into regularly and find a debit card?
Question:
Answer:
hello please check ou this website bellow it is brilliant and can save you lots of money,and it will let somebody know you all you inevitability to know on any aspect of money,it has help me out loads of times,Natwest do a good article with a solo debit card,internet and phone bank,direct debit etc,
please vist.www.moneysavingexpert.com
i expect so
Visit the below website
Yes Abbey do a range of accounts.
I muse most building societies would allow you to do that.
go to www.egg.co.uk and interested a egg account. The credit card offer 0% interest for 12 months.
What should I do in the order of this message?
Question:
I filied a Motion for Installment payments witht the court against a credit card company the is trying to sue me for more than I can afford per month. The filed against my motion to catch $625 per month for payments. I can afford only $100 per month. They are claiming that I own luxury items that I can get rid of such as cable, internet and cell phone. All 3 of these items are NEEDED for my husband and his profession. I didnt even think to mention that contained by my original motion. Now what do I do? HELP!
Answer:
I'd double check next to your lawyer, officially recognized advisor, or whoever you filed the motion near what proper procedures are for this. There has to be some approach to submit another formal letter, or appendix to your first motion explaining why these things are needed for your income.
What do you spend most of your activity money on?
Question:
I spend my leisure money on books. I spent a $100 dollars concluding weekend at borders book store.
Answer:
I spend most of mine on eating out/alcohol. I live contained by Dallas where within are tons of great (expensive) restaurants. I forego shopping, manicures/pedicures, and other "typical" expenses for a female my age surrounded by order to eat/drink out several times a week.
Music and concerts
Travel. This is because it costs closely, but not frequently. On a frequent basis going out to dinner.
My pets! I'm forever shopping within online pet stores.
i like crack and heroin...mixed together,,,its soooocool,,,so i spend my money and anybodies i can steal on thesis 2 very considerable items....
My wife, my hobbys, tools, and the house.
eating out.
I spend the $12.00 a month of exercise money on my dogs they get adjectives the rest anyway.
I would like to spend it on cars, games, and travel.
But, too doomed to failure, I have no exercise money. :D
Is in that a edge or building society that will present you a debit card if you are a discharged broke?
Question:
Answer:
Ive been discharged for 2 years and my wall wont give me one, Nationwide, yearning i could!!
my ex husband got one from natwest. he go banckrupt 3 years ago and he got one a moment ago after a year and a half of mortal discharged. hope this helps :)
Capitol One, what's contained by your wallet?
Visit the below website
Now is becoming the best time to get these things.
Walgreens, RIte Aids and CVS are adjectives selling prepaid Visa debit cards. Like gift certificate and such you just rate and load them up and you can use them as debit cards anywhere Visa is taken. And you merely reload them as needed/wanted.
I received a debit card when I opened my guard account near Commerce Bank and my bankrupcy had solely been discharged for 2 years. Try them. Anymore you can also buy prepaid Visa cards and you can use them resembling a regular credit card because they know the money is already there and you don't enjoy to worry nearly overdrawing your bank depiction. Don't do what I did and land within the same boat again 6 years after that. Right after you have file bankrupcy everyone wants to bestow you credit because they know you can't file again for 7 to 10 years depending on the state you live surrounded by. Don't do it. I am now trying to put aside my house because I was stupid plenty to fall for that trap. Hopefully file bankrupcy has made you wiser. Apparently it didn't work for me the first time. I am determined to seize out of the mess I am in minus refiling. I just haven't figure out how yet. Good Luck
not that I know of
Can a individual contribute to both a traditional IRA and a Roth IRA if they don't own a 401K?
Question:
Answer:
Yes, as long as you are currently earning income. Remember, you inevitability to treat both IRAs as one big IRA when you are contributing. For example, the current limit to contribute is the LESSER OF $4000 (or $5000 if you are age 50 and above) OR 100% of your income. You must not move about over this limit or you will owe income tariff on the excess contribution.
Example 1) You made only $2500 surrounded by 2007. The most you can contribute for the year is $2500.
Example 2) You made $50,000 in 2007. The most you can contribute for the year is $4000.
Definitely. As long as they own income. They can contribute the maximum amount to either one, or split between both.
Remember a traditional IRA is for pretax dollars. That is you don't wages tax on what you contribute, while a Roth IRA is after excise dollars but you don't pay taxes when you annul. Each has their own precincts and specific rules. You can have both if you close to, but most people pick one or the other. Stop contained by your local bank and ask the bureaucrat which one would be best for you given your income and age.
Yes, just remember that the annual delineate is $4,000 per taxpayer and not per account.
In other words, you can't put $4,000 into a traditional IRA and $4,000 into a Roth IRA (you could do $2,000 and $2,000).
Yes, you can if you are eligible base on income limit.
Actually, even if you enjoy 401k you can contribute in both IRA, singular thing is contribution to Traditional IRA is non-deductible.
Check this connection for more info:
http://www.theusefulinfo.com/finance/200...
-Infoman
Not a legal guidance.
http://www.theusefulinfo.com/finance/com...
How can i clear at lowest possible 1 million pounds soon and leagally and effortlessly?
Question:
Answer:
Play the Lottery & chance your luck!
When you find out permit us all know.
Let me know when you do.....
if anyone know that we wdnt b sat here would we
Get Robert Redford to variety you an indecent proposal.
(Mind you, he could have me for hackney carriage fare home).
erm........................
http://nsandi.com/products/pb/index.jsp...
Let us know as well...
Would we be here if we know the answer to that question?? :o)
Don't know more or less legal, but i suppose it adjectives depends on how far you are willing to dance, how much effort you are ready to put in or what you are prepared to sell
Put lb10 on a 100,000 to 1 shot at the racetrack. (assuming such an animal existed and have such ridiculously large likelihood and comes in first!)
If not, try your foot at poker or roulette or something. Definately gambling of some mode - maybe the lottery as powerfully.
You can make as much as you want as long as you are doing something you are truly devoted about and are inclined to do whatever it take (legally and ethically of course).
I left corporate not long because of this and now I am doing something that I truly love and I believe I will be paid lots of money doing this.
You can read more about my 'why' at
http://www.edithyeung.com/2007/02/02/why...
Good luck!
Do you come up with if it was that unproblematic we would all be sit here? Nothing's that easy and legalized!
whatever anyone say with the right mindset it is comfortable, but first start off near making lb100,000 look at this article:
http://www.fool.co.uk/news/foolseyeview/...
All these answers ignore your requirement of "quickly", so I'll fail to acknowledge the "legally" and suggest you find a good engraver and print your own.
Bankrupcy and owning property?
Question:
Can you declare yourself bancrupt if you own property?? I don't imagine you can as you have an investment but a friend who wishes do delclare herself bancrupt think you can. She has debts of approx 8K (has mortgage arrears but have sorted it) and if getting county court judgements for loans & credit cards. She wants to affirm herself bancrupt but doesn't want to lose her house as she has kids
Answer:
I work contained by insolvency (in the UK) and would never suggest anyone goes insolvent, unless it is the last resort.
If she owns her house or the equity within the house then a Trustee of the Bankruptcy estate have an interest in it. That can organize to the property being repossessed and sold if the Bankrupt doesn't purchase their interest.
Really, lb8k isn't deeply of debt and if possible, she could bring back a long term loan. Also depends on employment etc too, but I regard it would be a bad mistake to stir bankrupt (costs money to petition for your own liquidation too)
I think they,free up the equity surrounded by the house to pay bad debts.
The house is an asset that would have the money released from it, for sure.
I doubt you can claim yourself bankrupt and still hold on to a mortgage. In fact, I would be annoyed if you could.
Also, 8000 is a tiny, tiny amount to aver yourself bankrupt over. If she can afford a mortgage, she can afford repayments on 8000.
do not travel bankrupt for such a small amoount, the average individual is 25,000 ini debt. Tell her to get some guidance first from citizens advice bureau. She can volunteer to pay small amoounts to adjectives the companies or move into a smaller house and clear off debts next to the money made there, but my no money should she go insolvent. I do not hink she has any concept what damage that can do to her adjectives and her kids.
If her kids grow up and want a job surrounded by finance they relatively often do a nouns check and they will no be able to seize finance because of the address human being same as parents.
Write to everyone she owes and ask them for assistance first. Go online and look for problems resulting from bankruptcy.
obedient luck
She will not lose her "primary residence", but the courts will take everything else. The collapse will also follow her for the rest of her life, contained by spite of what the law is. Think roughly it, if she owed YOU a thousand pounds, and the court absolved her of any permissible obligation to reward it all, would you suddenly stop wanting your money support after 7 years? (or however long it is?)
She owes the money. She should work with her creditors and amount out a plan to pay it stern, even if it takes her ten years. Otherwise her kids will NEVER swot up any personal responsibility, will they?
You can keep your house if it's worth beneath a certain amount. Under Chapter 7 liquidation, you can redeem your house by agreeing to continue to wages your mortgage. You are also allowed to keep a sports car if it is under a particular value. You will be asked to aver the value of clear in your mind categories, resembling furnishings, clothing, investments, collections, cash on mitt, bank accounts, etc. You will later be asked to list adjectives debts and all monthly expenses, from the cost of clothing and utilities to the cost of feed your dog. Based on those, the court will make a determination as to whether you qualify for Chapter 7 ruin. If you do, you will be allowed to keep your clothing, food, household produce, eligible car and house, and any other assets lower than a certain stricture (We had so few assets that we be allowed to keep everything).
Is this house the primary residence or is this in recent times property?
Wells Fargo-Have you have any experiences beside unauthorized deduction?
Question:
I have have an awful experience with Wells Fargo, they deduct funds that they failed to remit to the appropriate deputation. Has any one else had any problems beside them?
Answer:
http://www.ripoffreport.com/default.asp...
I received a perceive from Yahoo axiom I won 400,000.Is this legit & it required I remuneration for nativity of funds.?
Question:
They used your headings, etc. & it looks actual but needing us to clear for delivery raise a red flag!
Please advise ASAP!
Thanks,
Mark Manuel
Answer:
That distinctly sounds like a scam. Anything requiring you to wage for your wins ahead of time (whether it be transfer, taxes, etc) is a scam. They are out to make money from you!
Probably a scam, sure sounds close to it. Contact Yahoo!
yes send them money....h e l l distribute me some too
thats a scam. delete it/mark it as spam. DO NOT send them any of your personal info. i grasp dozens of those emails a day.
Don't be dumb.
Tell them to deliver the money within cash to a public location similar to a restaurant. Then you'll pay the transport fee. Otherwise report them to go fly a kite....yes its a scam!
That is a scam and a partly. Same general catogory as a 419 credit fee fraud. Under no circumstances should you distribute money. On the other hand, check out www.419eater.com for more examples of this fraud commotion. Some of the antiscams are funny, as well.
Notices close to this are ALWAYS scams. There is no money! Pay them zilch!
This is a scam. Similar to the "Nigerian Scam". Delete the email and move on.
Sorry to be the bearer of impossible news.
definately a scam report them to Yahoo
Did you enter a Yahoo contest? I doubt Yahoo is surrounded by the business of giving away half a million dollars. I'd bet if you answered it they'd want your wall account number, ssn, etc and you'd find your edge account depleted.
I own one for 2.4 million pounds Sterling with a yahoo email address as a contact. These are BS If you won that much money they would hold Called you. or used a registered letter. But I won more than you. nana nana-na
you NEVER enjoy to pay anything to receive "winnings" IRS will bring back their money AFTER you receive your money.
Where can i budge to brass a cheque straight away?
Question:
Where can i go to currency a cheque that day fairly then waiting 5 working days? I live contained by uk.
Answer:
Do you have places that change checks for a fee close to the US? That's I would do if available
Uhhh to a bank?
Orders checks?
Question:
Answer:
You can call up your sandbank or request them online if you do online banking. As far as I know, I win them at no charge.
what about order checks. do a yahoo search
I other order my checks at "The Check is contained by the Mail." I'm sure you can find it online. They offer express, accurate service. Don't let a wall talk you into getting checks from them. I did that once and they charged me $34 for a box that I get from "The Check is in the Mail" for roughly speaking $5. Banks mark it instrument up. Good luck.
yes I do order checks how did you know that ?
Im a 17 year weak youngster and i be wondering whats thee best bearing to invest 3,000 dollars so i can enjoy more?
Question:
im a 17 year old youngster and i live in tennessee and i be wondering whats thee best way to invest 3,000 dollars. i scrounging like should i put it surrounded by a checking account, nest egg account, cd, etc. which 1 will i reseave the best interest from. im not worrying almost buying a car because i hold 2 and im not trying to move out of my parents house because i have 2 more years of glorious school. i simply wont to fashion the most of my money
THANK YOU
Answer:
What is your plan for this $3000? Do you want to accumulate lots of money for retirement or good up to buy a home in the adjectives?
You can put it in a edge account, but I guarantee you that its going lift forever for your $3000 to grow. If you invest into mutual funds, you can get a superior rate of return (though its not guaranteed). But if you look at the past activities of mutual funds, they have other got a better rate of return than what bank offer.
Lets influence a bank give you 3% interest on your $3000. Do you know the rule of 72? Rule of 72 is formula that determines how long your money will double given the interest rate. In this case 72 divided by 3 will equal to 24. It will run 24 years for your $3000 to become $6000.
Let's say you invest the $3000 into a mutual fund and the mutual fund have an average rate of return of 10%. It will take something like 7-8 years for your $3000 to become $6000.
If you plan not to use the $3000 for a very long time (say 10 plus years), consequently you should consider investing it into mutual funds. More specifically, mutual funds that falls in the category "hulking growth" or "large blend." You probably don't know what I'm conversation about, of late look up a mutual fund company such as Legg Mason Partners and it will give you a register of mutual funds that they offer. Pick one of the mutual fund on the catalogue and it will tell you what gentle of mutual fund is it (large growth, large blend, ample value, mid-cap growth, mid-cap blend, mid-cap attraction, small growth, small blend, or small-cap).
For example, if you pick Legg Mason Partners Aggressive Growth Fund, you will see that this a Large Growth Fund. Next, you want to see how much experience the current manager have. Then you want to check its past observation. In the past 10 years. It will pass you a list of different type of shares, for you, you should focus singular on the "A" shares or "B" shares. Class A shares is where you compensate an upfront sales charge, but annual expenses are low. Class B shares is where on earth you don't pay upfront sale charge, but pay a sale charge if you sell your shares surrounded by the first 5 years. Class B shares have better annual expenses than Class A shares. These annual expenses affects the rate of return on your investments. The lower the annual expense, the higher returns on your investment.
Continue beside the example, the Class A share has an average rate of return of around 14% and have annual expense of 1.11%. Class B share has an average rate of return of 13.40% near an annual expense of 1.92%.
So 3 things you should do when picking a mutual fund are:
1) Find your risk tolerance to find the appropriate mutual fund for you. This can be done by answering the investment profile questionnaire.
2) Compare its past actions to other mutual funds in alike fund category.
3) Check its annual expense ratio. A very giant expense ratio is good for not a soul.
Things you need to know:
1) Past performing does not guaranteed future results. It of late show you how well the mutual fund be managed so far.
2) Dividends and interests are not guaranteed.
3) You should buy mutual funds from like peas in a pod company to qualify for sales charge discounts on purchases of fresh shares in the adjectives. For example, if the total value of adjectives your Legg Mason Partners mutual funds is $25,000, you pay a lower sale charge. If it grows to one million, you pay no sale charge.
On final note, you are a year too young at heart to open a retirement depiction. When you turn 18 and you have a commission, you should consider opening a Roth IRA and invest into mutual funds. So right presently, you should put the $3000 into a bank that offer high interest such as HSBC Direct, that give 5.05% interest/year. Then you want to pick a company that you want to open your Roth IRA at (Fidelity, Primerica, TD Ameritrade, Vanguard, etc.). From immediately until the time you turn 18, you should look at some of the mutual funds that is offered by those companies and you want to compare them. It's best if you do this within excel worksheet to compare past acting out and its annual expenses. When you turn 18, you would know what mutual fund you want to have within your Roth IRA.
You can avoid all this complex work by talking to an agent who can do this for you. Some companies charge a tax if you want someone to do this work. I did mine at Primerica and they didn't charge any fees to do the research.
Even an investment of this sum can warrant the help of an investment counselor. Given your age the the odds of future income, you could invest this in a more speculative nouns than someone who is 70. I would suggest 1/3 in a growth nouns (such as a stock), 1/3 in a compact disc or similar device, and 1/3 in nest egg. Talk to your parents too.
I'd look into a roth IRA if it's not anything you call for to access anytime soon. That much cash at your youthful age could get you okay on the road to a comfortable retirement. (average 10% return on these - but they're also completely official tax evasion on any interest you earn).