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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][quote=Anonymous]I would: 1) pay off debt 2) pay off house 3) fund college accounts 4) go on vacation 5) put remainder in a retirement account [/quote] FFS - retirement comes before college! If debt has high interest rates, by all means, tackle that, but putting a vacation ahead of retirement savings?! Good lord. I’m not saying don’t go on a vacation, but if the OP is behind on retirement, as it sounds like is the case, that has to be a high priority. You can’t borrow for retirement.[/quote]
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