I think I would do the following: 1. If you have debt (aside from mortgage) -- pay it off, this includes student loans, credit card debt, car loans, etc. 2. D

I think I would do the following: 1. If you have debt (aside from mortgage) -- pay it off, this includes student loans, credit card debt, car loans, etc. 2. Do you own a home? If yes, consider if paying off the loan makes sense, note that it is better to own your home outright. If no, set aside money for a down payment on a house. Rule of thumb for rent vs. buy -- you are thinking of living in the house for 5+ years. Rent otherwise (see #5). 3. Do you have a will or an irrevocable trust? Consider setting one up. 4. Are you ready to retire or not? Create a diversified portfolio to ensure you keep the money you have based on your retirement goals. 5. Continue with the same comfortable standard of living you always have. Don't upgrade your lifestyle too much and don't accumulate liabilities/debt. Invest your money in assets. 6. Do not advertise your wealth. Practice stealth wealth (wrote about this on my blog).