[TonyLima]

Congrats to her, but $200k is "clearly securing the bag?" A bag of what?  Her first mortgage would be a lot more than that. So she clears something like $130k? I wonder if anyone is running 401Ks for the NIL recipients. They aren't employees, right?

....

No 401K but could put $6,500 in a traditional IRA. Unless that 200k is over multiple years, she would not qualify for a Roth IRA. Starting as early as possible is a good idea.

Veering off-topic, but I'm always nervous about Roth IRAs.  Essentially the current Congress is offloading the reduced tax revenue to future Congresses.  Those folks in the future may not like that very much.

[TonyLima]

Congrats to her, but $200k is "clearly securing the bag?" A bag of what?  Her first mortgage would be a lot more than that. So she clears something like $130k? I wonder if anyone is running 401Ks for the NIL recipients. They aren't employees, right?

....

No 401K but could put $6,500 in a traditional IRA. Unless that 200k is over multiple years, she would not qualify for a Roth IRA. Starting as early as possible is a good idea.

Veering off-topic, but I'm always nervous about Roth IRAs.  Essentially the current Congress is offloading the reduced tax revenue to future Congresses.  Those folks in the future may not like that very much.