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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][quote=Anonymous]Also a LMC person. I would meet with a fee-for-service financial advisor for advice. Personally, I'm prioritizing retirement (which is usually what experts suggest) so I would put the majority in retirement and a bit in the 529. For college, I think I have a solid plan that will get DC through any of our state schools taking only sub/unsub loans but I've been setting expectations (yes there are a million schools but you will be going to one that is low cost or where they give you a ton of money-and it's not easy to get that that money) and talking about options like 2+2 (in my state you can do 2 years at cc and get an automatic admit to our state flagship if you maintain a 3.0 or higher at cc).[/quote] How can you put the majority in retirement? There are limits to retirement accounts.[/quote]
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