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Reply to "What would you do with 500k cash gift?"
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[quote=Anonymous]What I would do is irrelevant. You should consider the following Pay off student loans Max 401k each year and calculate what contribution to college savings you need to get max tax advantage each year. Look into doing a Roth conversion and using some of the fund to cover the taxes. Put aside 50k Savings or in money market funds For easily accessible cash that still earns interest. Invest the rest in low fee mutual funds, maybe the boglehead 3 fund strategy. I would not pay off mortgage right now unless interest rate is over 5.5-%. You’re much better off investing that money. [/quote]
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