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Reply to "What would you if you inherited $100k?"
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[quote=Anonymous]1) $32k catch up contributions for kids' 529s 2) ~$36K to rent a full house for 3 years. (We would likely need less than $1k a month more than our current rent to do this, so $36K over 3 years should be more than sufficient. DH refuses to buy, thinks he wants to move outside of DC, but that's another story. Hopefully in 2-3 years he'd figure out whether he's actually going to do anything about moving elsewhere. He's talked about it for 4 years but done nothing.) 3) $22K prepay 529s and carry forward the tax deductions (I think you can do this an unlimited number of years in VA) 4) $10K add to downpayment fund which is already very healthy . I know this seems low, but since this would pre-pay the 529s for a little less than 3 years, I'd redirect funding we would have put into 529s to increase the down payment fund. We won't be using this for a few years anyway so I'd rather have the growth in the college funds. [/quote]
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