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Reply to "All you rich folks - looks like I'm (almost) one of you. What should we do?"
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[quote=Anonymous]If you google "how to invest inheritance," you will find plenty of lists and articles. I saw one by Consumer Reports that looks good. Similar to advice you see here. Since it sounds like you are pretty responsible and stable people without much debt, I think you could handle this without a financial advisor. Your financial picture is not complex. Max out your 401k, both your IRAs, and drop some in your kids' 529 plans. Then put the rest in a stable Vanguard fund. Use that Vanguard fund to max out your IRAs in future years, and just let the rest sit there for when you need it. Make sure you also have an emergency fund. All that will take care of the money and really help boost your savings. Post this same question on bogleheads.com, and you will get tons of detailed advice that may even be better than a financial advisor's. Sorry for your loss. [/quote]
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