re: What to do with $250K

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I'm guessing the 85k also includes the mortgage which he could pay off. That would free up 20k+ a year in spending

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You are correct. With a pension that includes Soc Sec our annual income would be $102K. The $85K in expenses includes the mortgage payment. I also have $75,000 in cash reserve.. My estimated annual budget (expenditures) for the next 3-4 years is right at $85K/annually with the mortgage or $67K without the mortgage. So I would have a gap of $35K between income and expenses now if I paid off the mortgage