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

Posted on 4/1/15 at 9:35 am to
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 4/1/15 at 9:35 am to
Oh and do not pay for the kids college.
Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 4/1/15 at 9:59 am to
That's my bad.... she "raised" three kids who are all out of college and do not need to be supported.

The car will not be a fancy car but it will be new so that shouldn't be too much to worry about.

I spoke with her regarding the dividend paying stocks but a downturn in the market would kill her equity. I also looked into CD's but those rates are laughable. I had also mentioned to her about buying a small duplex which would be another cource of income and the equity "shouldn't" depriciate especially in the right area.
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