Reply to What to do with 100K?

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Reply to "What to do with 100K?"

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[quote=Anonymous]Hi OP,
I'm sorry about your spouse. I hope you have time to take care of yourself too - I know that caring for an ill spouse can be both physically and emotionally draining.

Congrats on your windfall! It's hard to offer advice without knowing more details.
Do you already have a 6-month emergency fund? 
Your age & how much in retirement now?
Can your spouse get Social Security disability?
Do you have good health insurance that helps with medical expenses? 
How old is your child?
Do you have enough deductions that you itemize (Schedule A) on your taxes?
What's the interest rate on your mortgage? How many years left on it?

Just from the info you've provided, I'd say the home repairs are a priority.
I'm not usually a fan of paying off mortgages because of the tax benefits and bc for most people the interest rate is relatively low.
Many CDs are paying over 2% now and rates continue to go up - Ally Bank has top rates and is very easy to get accounts online.
If you invest in stocks you have to think of that as longterm money that you don't need for several years. Yes, the market's been going up, but consider where you'd be if the bottom drops out.
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