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Reply to "If you inherited a million dollars, WWYD?"
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[quote=Anonymous][quote=Anonymous]I inherited half of that (after taxes) a few years ago. I had been wanting to move to a bigger place, so used $100K as a downpayment to avoid selling my condo, which I bought almost 15 years ago and am currently using as a profitable investment property. I put the maximum lump sum allowed ($65K at the time) into my DD's 529. I used $5K for a great vacation for the two of us, and invested the rest. It has grown nicely, and as a solo parent it's a great comfort to have that in addition to my job. If I don't ever need it to support us, it will be used in retirement (and to supplement college savings) but if I do, it's there. [/quote] PP from above - I should add that I had no consumer debt or student loans, and already had an emergency fund. I would have handled all those things first otherwise. [/quote]
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