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Reply to "3 million inheritance. What should this affect things"
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[quote=Anonymous]$3M is a nice nest egg at 35. What you do from here, IMHO is to have a fee only advisor assist in an asset reallocation, I'd probably continue to max 401k, but I'd also ease off the other savings (assuming you have them). I'd look to get rid of any bad debt - if you have it - and by bad I mean > 5% interest. I'd probably keep my mortgage given that rates are so low you probably make more in interest in the market than you pay. Private for the kids sounds nice, but unless there's a compelling issue to resolve, I'd stay in public (assuming your public isn't awful). Realistically, that $3M could easily be $10M at your retirement. I'd aim for that and then one day - as in 30 years from now - look at generation skipping trusts, etc. [/quote]
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