Anonymous
Post 12/20/2024 22:53     Subject: Tell me what to do with a $120,000 unexpected windfall
Anonymous wrote:So weird that no one on DCUM ever has huge, unexpected losses, only windfalls.


I think the biggest windfall I ever got was $2000 lol. It’s crazy how so many people have 5,6,7 figures falling into their lap
Anonymous
Post 12/20/2024 16:11     Subject: Tell me what to do with a $120,000 unexpected windfall
Land? No. What if health changes! Index funds
Anonymous
Post 12/20/2024 15:45     Subject: Tell me what to do with a $120,000 unexpected windfall
Buying land in some wintry backwater in the hopes that the Earth will heat up and force people to move to your land... is a really dumb way to spend 120k.
Anonymous
Post 12/20/2024 10:05     Subject: Tell me what to do with a $120,000 unexpected windfall
Anonymous wrote:Open a separate brokerage account and use for things that would have meaning for or remind you of the source of the money.

I am in a similar situation (retirement etc in good shape) and received a similar windfall and it has been devoted to spending a bit more than I would otherwise in ways that I know my relative would appreciate.


The traditional advice is to do that in the name of the spouse who inherited the money and not to comingle
Anonymous
Post 12/20/2024 09:12     Subject: Tell me what to do with a $120,000 unexpected windfall
Anonymous wrote:Open a separate brokerage account and use for things that would have meaning for or remind you of the source of the money.

I am in a similar situation (retirement etc in good shape) and received a similar windfall and it has been devoted to spending a bit more than I would otherwise in ways that I know my relative would appreciate.


Yep, did the same. The money is not "working for us forever" as it would invested in a long-term index fund, but we are spending it meaningfully and in a way that honors the memory of our family member who died.
Anonymous
Post 12/20/2024 09:01     Subject: Tell me what to do with a $120,000 unexpected windfall
25k in a one year CD. Remainder in VTSAX. Open an account at a brokerage that you don’t currently use (Fidelity is easy), so it’s out of sight, out of mind. And yes, spend some time thinking about what would be a meaningful way to spend it.
Anonymous
Post 12/20/2024 06:38     Subject: Tell me what to do with a $120,000 unexpected windfall
Put 20k in cd ladder or hysa for car. Invest 100k in vti/voo or similar.
Anonymous
Post 12/19/2024 15:52     Subject: Tell me what to do with a $120,000 unexpected windfall
Open a separate brokerage account and use for things that would have meaning for or remind you of the source of the money.

I am in a similar situation (retirement etc in good shape) and received a similar windfall and it has been devoted to spending a bit more than I would otherwise in ways that I know my relative would appreciate.
Anonymous
Post 12/19/2024 15:26     Subject: Re:Tell me what to do with a $120,000 unexpected windfall
Anonymous wrote:
Anonymous wrote:Invest it in index funds and wait.


+1


+2
Anonymous
Post 12/19/2024 15:16     Subject: Tell me what to do with a $120,000 unexpected windfall
Posting hookers and blow on every post is not funny or clever. Find something better to write.
Anonymous
Post 12/19/2024 15:13     Subject: Tell me what to do with a $120,000 unexpected windfall

Gotta throw it out there:

Hookers and blow
Anonymous
Post 12/19/2024 15:06     Subject: Tell me what to do with a $120,000 unexpected windfall
Anonymous wrote:Buy a Birkin bag


The only true store of value left.
Anonymous
Post 12/19/2024 14:14     Subject: Re:Tell me what to do with a $120,000 unexpected windfall
Index funds
Anonymous
Post 12/19/2024 14:05     Subject: Tell me what to do with a $120,000 unexpected windfall
Buy a Birkin bag
Anonymous
Post 12/19/2024 14:02     Subject: Tell me what to do with a $120,000 unexpected windfall
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:We bought land.


I’d actually consider this too. Someplace north - Maine with access to a lake/pond.

Otherwise an index fund.


I'm confused--how is this a good idea?

Buying vacant land way before you plan to build on it is not a good idea.

OP: Index funds.