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Reply to "Best use for 1.6 million inheritance "
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[quote=Anonymous][quote=Anonymous]I’m thinking fully fund the college accounts? DH wants to [b]pay down the house[/b]. We have only 300k in the 529s and we have three kids (16,14,5) We have about 2 mil in retirement (late 40s) About 800k in taxable investments. We both work. We have a very expensive mortgage. We pay for an expensive private school so we are accustomed to the tuition bills every year so DH doesn’t think we need more saved for college. [/quote] Is he nuts? With inflation where it is? Did you fail to refinance when rates were low or something? If you have any kind of semi favorable interest rate do not do the bank a favor of paying it down early. Sheesh. [/quote]
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