Assume you have just started a new job, have a car loan, and have a student loan. You have just received a cash gift of $1,000 from a relative, which of the following is the best use of this money?
A.) Deposit into a CD earning 2% interest
B.) Invest for your retirement in an IRA
C.) Deposit into an unfunded emergency fund
D.) Deposit into a 529 savings account for college