Reply to OK, the $2M is in the account now. What next?

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Reply to "OK, the $2M is in the account now. What next?"

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[quote=Anonymous]Don't immediately fund 529s  unless you already have a HHI. You want to have as much sheltered in retirement accounts as possible. Set aside enough that you can max out IRAs and 401k contributions going forward, even if it means your paycheck dwindles to very little and you live off the capital. Encourage your kids to get jobs asap, then match their income into their own Roth IRAs. Money set aside for these goals is probably best off in a cd ladder.

Anything left after this should be set aside for a good down payment on a house, and yes, a car for DH if that's what floats his boat (just make sure it's one he'll keep for a while ). Down payment only, though! With loan rates still fairly low it doesn't make sense to tie up your capital.

Taxable investing should be the last thing on your list. It should be money you do not need at all for twenty years. Shove it all into the Vanguard total stock market fund and balance it with extra bond holding in your tax sheltered accounts.[/quote]

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