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Reply to "Inheritance - what to do with it?"
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[quote=Anonymous] I'm in my early 40s, two kids, husband -- we have good retirement, double income, 529s for our kids, a couple houses (with mortgages), and I'm inheriting around 125k from a relative. My spouse's first home is only in his name, not mine. I'd like to keep this inheritance in a separate account only in my name for this reason too - should for any reason we divorce at some point. We both love each other very much and have been married for 14 years, but I'm a realist and don't come from a wealthy background and because he bought the first property before he met me I'm aware that my name isn't on the deed and also this inheritance if I pool it with our other income would be his too. We have around 30k in a savings account currently. So -- what should I do with this 125k? Put 25k in a high yield savings account and the rest in the market? I know it's not much, but I'm looking at ways to grow it over time and also have a small amount that is liquid. [/quote]
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