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[quote=Anonymous][quote=Anonymous]My spouse recently inherited $3 million, increasing our net worth from just over $2 million to now north of $5 million. Our household income is about $210,000 a year and our suburban townhouse is paid off. Our budget is well defined and I am not sure whether we should change anything. Investments are all with Vanguard in diversified index funds. We are ages 49/50 and our only child‘s college fund has enough for her undergraduate education which will begin in two years. There will be no more inheritances. I have always managed the finances in our family but I am unsure whether to make any revisions to our budget. We are saving 1 401K, and two back door Roth IRAs plus a family HSA.

The only place money could come from in our budget is if we reduced savings. Would you do this? My spouse works part time and high don’t have any plans to retire until I am closer to 60. I don’t think we have enough money yet to handle the cost of early retirement health insurance and we both come from long-lived families.[/quote]

Congrats DH! You married well. [/quote]

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