Hello everyone, My wife and I will inherit a large amount of money , we need some ideas .?

Question

Good help that is , we want to use it wisely ,for our family and our future.

Answer 1

Set aside money for your mortage, childrens college expenses including tution, accounts for children when they turn 21 that they can recieve to help them out and have them use that money to help them get an apartment or a car or for investment oppurtunities that your children may want to look into. Also set aside some money in the event that you both lose your jobs and are unemployed that you can have some money to fall back on and not go bankrupt.

Answer 2

I would recommend forex market with some real estate rentals on the side. You could live off the interest depending on how much you have in forex. This can set you up for life. Do what you want each day. Travel around the world. Have your kids go to the best schools. Donate to charity. You will be able to do it all. Do not day trade in the currency market though. Follow the freedomrocks strategy and you will be set. Its fairly safe because of how its set up. Due to compliance issues I cannot reveal the returns on investment but we are making so much money. You can set up a demo account with play money and try it out for a while to get an idea of how it works. The demo is free. You will see that you can get double digit returns a month fairly easy. Please don't miss out on this opportunity. It will change your life. Watch the video on the site below and email me if you have questions. www.demofreedomrocks.com Take care.

Answer 3

With a large sum of money comes responsibility.

So your first move shouldn't be following the suggestions of strangers whose qualifications and motives can't be known.

Like so much else in life... looking for the "easy way" will get you in deep trouble. Start with the "Investing For Dummies" book &/or "Mutual Funds For Dummies". Then read a couple of more books. You don't need to be an expert. But this is not gambling money & you should learn to invest it wisely.

Learn & understand "Asset Allocation".

Stay away from web sites like:
www.prosper.com


Best of luck!

Answer 4

if it is so large that it substantially changes your financial picture, you need to redo or develop from scratch a comprehensive financial plan.

depending on your education, experience, and assets, this might be something you do yourselves or something you buy.

if you buy the work done, you want a fee only planner who doesn't sell products.

you'll want to know that nearly all planners are essentially for the middle class and almost none have any idea of how to manage a truly large sum of capital [10 million USD or more]. I don't know who the professionals are for that situation, if you are so fortunate.


GL

Answer 5

Invest wisely and Beware of Investment Scams!!!
http://www.sec.gov/investor/pubs/cyberfraud.htm

Answer 6

Pay off your debts. Invest in your kids 529 plans, max out your 401(k)s and or ROTH IRAs. Save any left over in good quality mutual funds with long track records.

Answer 7

first pay off your debts
then make a least of important things that need to be done

thats what i would do but it depends on how much money you are getting
if possible i would want to share with parents and siblings too

Answer 8

www.prosper.com

This is a website where you can loan money to people (your decision high or low risk) all depends on how much money you'd like to make.

The return is done securely through the website. You don't have to hunt your money down. It is automatically returned.

Answer 9

invest it into a house or something, pay off debts, buy your house if your renting it, if you do live in a house.

Answer 10

pay off your mortgage and invest in something sound