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Thanks for the suggestions guys. pwd, there's a $2,000/year cap on putting money in an IRA. Oh yeah, and about the blowing it on booze and weed, well lets just say he's being very generous when we go out to clubs and stuff. BTW, he used to have a job and quit when he got the inheritance, he used to make custom license plate frames at the valley indoor swap meet (and l.a. auto show in the aftermarket hall)
Brian, that's an excellent idea and I'll suggest it to him.
He currently lives in a very nice 150 sq. ft. studio with a giant vaulted ceiling that's built in the backyard of his parents place. We go to junior college together, although he's dropped out once before and doesn't know WTF he wants to do with his life. I value him as a friend and don't want to see him blow this money, which is the main reason I posted here.
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Amir
'83 911SC
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