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Reply to "What to do with 2 million dollars?"
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[quote=Anonymous]OP, do some reading about managing a windfall or inheritance. If this is due to losing a loved one, remember that grief is also a factor and can make you do strange things. Many planners recommend putting the money somewhere safe at least for 6-12 months until you are feeling a little more clear headed and can think about goals. In other words, don't be rash, and don't fall into a trap of thinking you have to make major decisions right away. I also echo the suggestion of finding a fee-only planner who can help you talk through goals and priorities and related impacts (taxes, etc.). If you manage this money well, it can serve your family for many years. Take your time. Remember that most lottery winners burn through their money in just a few years -- don't make the same mistake. I recently read a good book on this, The Wise Inheritor by Ann Perry. Good place to start. Good luck.[/quote]
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