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Reply to "What would you do with 500k cash gift?"
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[quote=Anonymous]I'd max retirement for 2023 and 2024 (set it aside for 2024), fully fund 529, then.... make sure you have a 6+ month emergency fund in MM/CDs. Next pay off student loans. How much do you owe on your home? What is the interest rate? With the remainder, I would put aside cash for my next vehicle to buy fully with cash. Then I'd invest the rest. However, if you could pay off your home, I'd consider that and then invest your monthly mortgage payment going forward. But I prefer not to have a mortgage personally and you need to be well set with a 6month+ emergency fund, ideally 12 months before I'd fully pay off mortgage[/quote]
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