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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]When you first get it, put it in three separate FDIC insured savings accounts in three separate institutions. That way the cash will be insured up to 250k for each account. If you have a spouse, keep it only in your name to avoid comingling funds which would make it more likely to make the money a marital asset if you divorce (meaning spouse would get half). Make sure you (and your spouse) are maxing out your 401ks. Take some time to breathe and consult a financial advisor etc. You don't have to rush to invest it right away. It is ok to keep it in an interest accruing account or short term CDs as you decide what to do with it.[/quote]
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