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Reply to "Sharing "windfall" with family"
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[quote=Anonymous]Since you only have one infant nephew, I would keep the money in your account for now and let it grow. You can even create a separate account within your Vanguard account to segregate the money and let that pot grow on its own. The reason I say to wait is that you might end up with more nieces and nephews. You can deal with college once you know the total number and spacing. Also, a big family vacation is a great idea but nobody wants to take a trip of a lifetime with a baby. In 10-15 years, that money will have grown and a family safari with all your siblings kids will be so much more fun and memorable. [/quote]
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