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[quote=Anonymous][quote=Anonymous]Max out the 401ks. It reduces your tax liability and is savings for the future. I actually don't understand why you wouldn't be doing that already, unless you needed to shore up your emergency funds.

Get recommendations for a portfolio manager (aka "wealth advisor") to handle the investments. Do some thinking about what level of risk you wish to have.

In theory you can take up to 4% annually without digging into principle. We feel more comfortable with 2% so that we are still building principle, yet can enjoy some extras between now and retirement. Figure out what you would like those extras to be. Sprucing up your home. A memorable vacation. Private school.

Talk to a tax specialist and/or investment advisor about 529 accounts. I don't recall the reasoning, but they are not great idea for everyone.

And congrats! [b]You now have 75% of your retirement savings.[/[/b]quote]

Bizarre!  Apparently on the DCUM planet you require $4 million for retirement.  Not on my planet.  Agree to wait for some time before making any big decisions, but also don't feel that you should wait until you retire to start spending.  If it helps your life now, it's there for you to use.  I say this as someone who received a sizable (though much smaller) inheritance a couple of years ago.  Some of it has gone to making our life easier (we also have a much lower income than you) and a good chunk is being saved for retirement.[/quote]

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