This is not your typical PF post, and this is a throwaway BTW, for reasons, and although I'm not specifically looking for financial advice as you'll see, anything specific is appreciated. I'm in the process of speaking with financial advisors and so far I'm not impressed. Although I'm not even sure this is the right sub for this I was curious what the nice folks here would say. So, to get into the story, and it might end up being long, my apologies. My father passed away rather unexpectedly four years ago, leaving me to take care of my mother with dementia, who passed almost a year ago. I am in the final stages of inheriting their estate and have recently seen what the numbers look like. When my father died everything passed to my mother, but my aunt, the executor of the estate, was able to "gift" me enough to buy a very nice condo "$600K" which is what my parents wanted. They offered to mortgage their house while they were still around for me to do this, but I turned them down. I ended up buying a house instead and took a small mortgage($230K). So I've had that place for about 3 years and have been carrying the mortgage and house costs myself as I am single, yet I have a decent paying job - ~$70K. As the pieces fell into place I've recently come into another $850K from their estate, with a little more to come. I suppose a little about me is in order. I'm 40 years old, currently single, have everything I could possibly want/need, if not I have the ability to buy it. The thing is, before this happened I lived in a junior one bedroom apartment and had no true wants or needs beyond my day to day experience. I kind of find myself paralyzed by what to do next. I could keep working and just let the investments grow, they are mostly in segregated mutual funds now, though I have a recent cheque for $250K sitting in my savings account, and use it for my retirement exclusively, or consider a myriad of other possibilities now available to me. I've had advisors tell me I should pay off the mortgage with the cash and keep the rest invested, invest more since interest rates are so low and I can make more, test I still have so many more questions. I have an irrational desire to just say fuck it, sell the house, and travel the world, start a business, or just retire and hope the investments make enough... I could keep going and going, but I'm curious, if this happened to you, good people of PF, what would you do?
Submitted August 05, 2017 at 08:29PM by What_would_u_du http://ift.tt/2uvcnYk
