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re: Large Inheritance at the age of 62, WWYD??

Posted on 4/1/15 at 8:40 am to
Posted by LSU9102
West of the Mississippi
Member since Mar 2007
2476 posts
Posted on 4/1/15 at 8:40 am to
What debt does she have mortgage, car, credit cards?

I would put it in 3 separate buckets but can't answer how much in each without more info.


Posted by iknowmorethanyou
Paydirt
Member since Jul 2007
6551 posts
Posted on 4/1/15 at 8:42 am to
Thank God the first reply didn't blindly tout Vanguard Index Funds. Have her work out a budget. Cease and desist all investment ideas until then.
Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 4/1/15 at 9:05 am to
Zero debt. House has has been paid off for quite a while but she is thinking about buying a new car.

Basically looking for low risk but wanting more than a miniscule 2% return.
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