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Reply to "Revisiting where to put money while deciding what to do with it"
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[quote=Anonymous]We have come into a large sum of money - about $700k - and need to put it somewhere while we decide what to do with it. We are living overseas at the moment and it will be about a year before we can sit down with a financial planner back in the US to figure it all out. I read a similar thread a few weeks back that mentioned CDs and Vanguard index funds, plus making sure to stay under the FDIC limit where applicable. (Individual vs. joint accounts is not an issue here.) Anyone have any suggestions for how to break up the money among these options? Like 200k in an online savings account, another 200k in another, the rest in an index fund, or break it up even more....? We have no debts to pay off, solid savings and retirement accounts, no mortgage, and two kids under 2. A chunk of this money will go towards their college funds and maybe a house when we're back in DC, but again, it'll be a year before we can sit down to figure that all out. Ideas? Thanks.[/quote]
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