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Reply to "What would you do with 500k cash gift?"
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[quote=Anonymous]I don’t know exactly, but things I’d consider are maxing retirement (we don’t need to do this to retire at 65), college savings for kids (maybe not all in 529s, maybe some just in a regular brokerage account), top off savings to pay cash for a car in the next 3-4 years, set aside $ for major home repairs (like new roof, washer dryer - things we can expect to replace in the next 10-15 years), adding one bedroom to the house and a few other things that we’re limping along with (no kitchen or bathroom remodels). I would look into some travel for when my kids are teens, things that are further afield that we’re planning. I’d like to invest most to help the kids with college and down payments, but I’d also think about these other things. It’s fun to have options.[/quote]
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