What should do with a $400k influx of money?

[Anonymous]

All of the above.

[Anonymous]

Anonymous wrote:We’re in a similar situation. Got three inheritance windfalls totaling $700k windfall a couple years ago. We wish we bought a second or new primary house a while ago, but we keep hesitating. Two kids, 10 and 14… i keep thinking the money can cover both of them at private colleges. But also that we could get a super sweet house with a pool in a nice neighborhood… right now it’s split 4:3 in stocks and high interest savings.

We only have like $60k each in 529s. Over $1m in retirement, combined. 46 snd 52. We work in nonprofits so dont make a ton.

What is the fascination with private colleges? There is not a single study that indicates private college = wealth later in life

[Anonymous]

Anonymous wrote:

Anonymous wrote:We’re in a similar situation. Got three inheritance windfalls totaling $700k windfall a couple years ago. We wish we bought a second or new primary house a while ago, but we keep hesitating. Two kids, 10 and 14… i keep thinking the money can cover both of them at private colleges. But also that we could get a super sweet house with a pool in a nice neighborhood… right now it’s split 4:3 in stocks and high interest savings.

We only have like $60k each in 529s. Over $1m in retirement, combined. 46 snd 52. We work in nonprofits so dont make a ton.

What is the fascination with private colleges? There is not a single study that indicates private college = wealth later in life

Posts like this fascinate me. DH and I both went to private colleges and we have one kid at a private college and 1 kid at an out of state public flagship. We’re not paying for private college so our kid can make a lot of $$. We’re paying because it’s a great fit for him.

Also, not for nothing but I published as an undergrad at my private college and got an incredible education. I make $400k a year. Here’s the part that will really blow your mind: I was an English major!