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Reply to "what would you do with an infusion of cash? "
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[quote=Anonymous]This happened to us. DH normally makes about $120K a year and he got a one time payment of $290K. We paid off DHs student loans, paid the taxes, put $50K into a SEP-IRA, and put the full tax deductible amount into the kids 529s (we have 4 kids) and are taking a family vacation overseas. The rest is sitting in a "high"-interest (1.15%?) savings account as we use it for our yearly expenses and hopefully a home renovation. [/quote]
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