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Reply to "Best use for 1.6 million inheritance "
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[quote=Anonymous]I agree with the poster who said you should have $200K per child in your 529s. Do you have an emergency fund as part of your taxable investments? If not, set aside 6 months of expenses in a high-yield savings account. Buy 50K worth of ibonds, 10K for each family member. Use up any tax-advantaged space beyond your 401Ks, i.e., traditional IRA or HSA. Plan some great vacations, do a home reno project you've been putting off, or otherwise splurge with no more than 5% of the total. Invest the rest according to your asset allocation.[/quote]
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