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Reply to "I'm a poor who is about to receive an inheritance: please tell me what to do with it"
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[quote=Anonymous]I'm LMC (at least for the DC area). I'm about to inherit around 700K. My first priority is to stow the money away for DC's college (we've only managed to save about 50K for their college to date). Should I throw it all in a 529? Or should I put it into our retirement fund, and saddle DC with college loans? Or a split between the two? Or other possibilities? I really know nothing about money because I've never had enough to learn. What do you wise UMC money-having people recommend?[/quote]
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