Sorry for your loss. It’s hard to imagine what you’re going through.

Sell the rental immediately. You do not want the headache that comes with renters.

Pay off the $10K of debt.

Refi your primary home if you plan to be there more than 18 months.

Max out all 401K, 529’s, etc.

Make smart financial and personal decisions. By this, I mean nothing risky or dangerous.

Stick the rest of the money in a Vanguard S&P 500 ETF and keep $50K in an interest acct.

Focus right now on simplifying your life. There’s plenty of time for other choices later.

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Posted by JimEagle

Member since Apr 2021

28 posts

Posted on 12/23/21 at 11:14 am to Grinder

Thanks for all the input on options. I hope none of you ever have to explain to a small child what heaven is or worry about how they are gonna handle it in 5-10 years.

I am conservative with money in general so will take the most secure route when the time comes. My overall goal is reduce worry for me and my child in the future.

I know a few of you have mentioned my job and the ability to spend time with my child. Luckily for me I am salaried and work from home so it wasn't a problem and won't be moving forward.

My wife died of cancer and to return the favor I suggest all of you have all the cancer/critical illness/long-short term disability insurance for all loved ones as it was the only thing that kept me from going under water during her 2 year fight.

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Posted by lynxcat

Member since Jan 2008

24253 posts

Posted on 12/23/21 at 2:00 pm to Grinder

quote:
Focus right now on simplifying your life.

Dense situation (I’m sorry for your loss) in OP so a lot to consider. My initial POV is to simplify; haven’t been able to give enough thought to how a recommendation but will follow up with more details in the next couple days.

This post was edited on 12/23/21 at 2:21 pm

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