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Reply to "Question about managing a large amount of money "
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[quote=Anonymous]I would probably pay down the mortgage on your current home and continue to live there. Moving is expensive - transactions costs alone are 6-9 percent of the home's value. You can then direct the money you were spending on your mortgage to improving your standard of living. Alternatively, you could invest some or all of the money. The key here is to make sure you spend as little as possible on fees. I would recommend some index funds with Vanguard, maybe the ones with higher dividends, maybe combined with a corporate bond fund.[/quote]
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