Anonymous
Post 05/07/2018 21:35     Subject: How to spend windfall
Anonymous wrote:
Anonymous wrote:You should definitely buy BOFA.


What is BOFA?


BOFA deez nutz
Anonymous
Post 05/07/2018 21:30     Subject: How to spend windfall
What are sinking funds?

No new ideas for the money.
Anonymous
Post 05/07/2018 21:27     Subject: How to spend windfall
Anonymous wrote:
Anonymous wrote:I think it would be fun to donate part to a poorer/local charity. You’ll get treated like a bigwig and probably get a plaque or something. Not to mention the goodwill from the universe.


I think this would be a very noble thing to do. However, a portion of $22,000 won’t get you a plaque or make you a big wig. You need to be giving a whole lot more than that.


Our local park has pillars for the $2000 circle donors — all businesses. For $5000 and they probably would have named the park after you! Maybe find something like that, as a memorial to your benefactor?
Anonymous
Post 05/07/2018 21:17     Subject: How to spend windfall
How about a cow?
Anonymous
Post 05/07/2018 20:40     Subject: How to spend windfall
Anonymous wrote:You should definitely buy BOFA.


Bottle Of Fine Armagnac?

Buckets of Fancy Art?
Anonymous
Post 05/07/2018 20:33     Subject: How to spend windfall
Anonymous wrote:I think it would be fun to donate part to a poorer/local charity. You’ll get treated like a bigwig and probably get a plaque or something. Not to mention the goodwill from the universe.


I think this would be a very noble thing to do. However, a portion of $22,000 won’t get you a plaque or make you a big wig. You need to be giving a whole lot more than that.
Anonymous
Post 05/07/2018 20:25     Subject: How to spend windfall
Choose a family you love or respect, for which this money would make a big difference. Donate anonymously.
Anonymous
Post 05/07/2018 20:11     Subject: How to spend windfall
Charity is a good idea. I guess I was looking for ideas that people had that maybe are luxuries that I’m not thinking of.
Anonymous
Post 05/07/2018 20:08     Subject: How to spend windfall
If you have no needs or desires, give it to charity. This is like asking "what do I do with extra money if I don't need extra money?"

If you don't want to donate it, drop it in the taxable account and add to the balance.
Anonymous
Post 05/07/2018 20:05     Subject: How to spend windfall
I think it would be fun to donate part to a poorer/local charity. You’ll get treated like a bigwig and probably get a plaque or something. Not to mention the goodwill from the universe.
Anonymous
Post 05/07/2018 20:03     Subject: How to spend windfall
Anonymous wrote:You should definitely buy BOFA.


What is BOFA?
Anonymous
Post 05/07/2018 20:00     Subject: How to spend windfall
You should definitely buy BOFA.
Anonymous
Post 05/07/2018 19:58     Subject: How to spend windfall
Or a horse.
Anonymous
Post 05/07/2018 19:50     Subject: How to spend windfall
Buy a boat.
Anonymous
Post 05/07/2018 19:47     Subject: How to spend windfall
I received an inheritance of $22,000 and have been stuck on how to spend it. Quick facts:

  • Full zero-based budget

  • Maxed out all tax-advantaged retirement accounts - two 401K's, two Roth IRAs, family HSA

  • $34,000 cash in home repair sinking fund for 14 year old home

  • Two years Medical OOP max in cash

  • $30,000 cash for vacations

  • $2500 cash for auto sinking fund

  • Own $635k home free and clear

  • Save additional $18,000 in taxable accounts

  • $1M in tax-advantaged accounts

  • $2M in taxable accounts

  • $260k in 529s for DD


    • Do I just save it? I have no real needs or desires. I just upgraded my car earlier this year.