Personally, I would buy pay off my mortgage and buy apartments/homes for my siblings/parents and still have money to spare. Being that you are only 20, you prob

Personally, I would buy pay off my mortgage and buy apartments/homes for my siblings/parents and still have money to spare. Being that you are only 20, you probably don't know where you want to live yet but that said, I bought my first place when I was 21. The way I looked at it, my family had always been renters and so buying was a good way to pay myself back for my housing expenses. After considering a real estate purchase, I would simply park the money in liquid CD's while I consulted and interviewed a fair number of advisers. Don't jump in bed with the first fancy adviser who comes along.