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Reply to "I'm a poor who is about to receive an inheritance: please tell me what to do with it"
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[quote=Anonymous]I would listen to those saying put most of it into a fund for college/retirement. But, but, also assess some real needs right now. Do you live in a sub-optimal housing situation? Does your vehicle (if you have one) need lots of maintenance? Don't go buy a porsche, but also life is short and maybe devote a quarter of the proceeds to making your life materially better right now. If that's a 100k down payment on a much improved house for you and your family, and a new vehicle that reliably gets you to work, do it. But the principle stands: don't go on a spending spree because you'll blow through this and have nothing to show for it. [/quote]
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