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Reply to "If you came into a largeish amount of money unexpectedly...."
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[quote=Anonymous]I'm about to receive a $500k inheritance. My original plan was to pay off my car loan and our HELOC ($50k total for both), keep $50k to play with, and save/invest the $400k with an eye toward quitting work or cutting way back ASAP. Wouldn't pay off our mortgage, though, since the 3 5/8 rate is lower than what we could potentially make investing. And we have no other debt. No kids, though. But it's possible some of the inheritance could be, if I choose, in the form of a long-held family house and/or property two time zones away. So I will have to decide whether I want some or all of the real estate instead of some or all of the cash. My mind changes every day. What would other people do in this situation? [/quote]
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