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[quote=Arlingtonian703][quote=Anonymous]I am receiving an inheritance and am trying to figure out what to do with the money. Does it make sense to pay off current mortgage? There is a possibility that I might move in 3-5 years, so if I save/invest, I’d need to have access to it quickly. What would you do?[/quote] The r/personalfinance flowchart from reddit is always a good place to start [img]https://i.imgur.com/lSoUQr2.png[/img] https://i.imgur.com/lSoUQr2.png But yeah, mathematically it doesn't make sense to pay off your 3% mortgage. We'd have to know a lot more about your financial picture and goals for anyone to provide a good answer but putting the money in a HYSA earning 4% is a good place to start while you figure it out.[/quote]
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