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Not ask Hacker News. Find a financial planner who can advise you on, the tax implications of a sudden windfall (federal estate tax, IRA contribution limitation
by oogali 13y ago
Not ask Hacker News.
Find a financial planner who can advise you on, the tax implications of a sudden windfall (federal estate tax, IRA contribution limitations, etc., etc., etc.), how to account for your living expenses + inflation, and how to overall preserve and/or grow your net amount.
Then you'll know how much you really have to "spend", and over how long of a period.
Then, if you're so inclined, come back and ask HN "What would you do with the net $XXX K that you just inherited?"