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Reply to "3 million inheritance. What should this affect things"
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[quote=Anonymous]I am around the same age but we have a net worth of around $8m. I think you should max 401k and convert everything you can to a Roth (over time). First retirement accounts are protected from creditors for the first few million. Second Roth principal contributions and rollover amounts can be accessed any time without penalty ( after an initial 5 year period). I also would pay off the mortgage primarily for bankruptcy protection although you need to check your states homestead rules. Definitely buy umbrella insurance and review other policies asap. You need at least $3m coverage. [/quote]
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