I have a trust that my family made for me when I was young, which has mineral interest bringing in approximately $1.1m this year. I am currently 27, and this trust was supposed to be released to me at age 35. Since the personal tax rate will be lower than the trust tax rate, they are transferring this to me later this year. The first order of business will be setting aside the taxes I will need to pay.
I currently work an overnight stocking job at a grocery store, making $20 an hour with decent benefits, including a partner stock plan, Roth 401k, health insurance, mental health resources, and a 10% discount on company brand products.
I have approximately $1,300 in credit card debt. I am enrolled part-time in college, taking 2 classes for the fall semester at a community college, hoping to transfer to university soon for a BS in horticulture. I am also taking an online course to learn coding in Python, aiming to get into horticultural automation.
I hope to go part-time at work to focus on school. I love traveling and would like to do more of it. I live with my girlfriend.
Any advice would be appreciated, as I feel a bit overwhelmed in a good way.