My grandfather passed away recently and my brother and I are splitting his estate. My share will be anywhere from $300k to $400, depending on whether we can break up the acreage associated with the house and sell it all separately. Some personal background: my husband makes about $150k/yr and we have a small mortgage ($132k on a $425k house) along with 2 paid off cars and no outstanding debts. Our kids are 24 and 19 - both are out of the house, we are both 48 and I don’t work. Fidelity handles our investments. My husband’s pension has been done away with so retirement is something we need to consider though he doesn’t want to retire anytime soon.
Until now, we had money from his check get blindly invested OR we keep it in savings - never being proactive at all. Currently, we don’t need the money (though we’ll likely take a little chunk for a kitchen upgrade) so we are willing to look for a long term solution, not a quick turnaround.
Where do we park our money so it’s safe but actually earns a little something? Is this a time for thinking creatively like buying a tiny home Airbnb or amassing gold bars or will “slow and steady” get us there?
I feel like my finances - while pretty good - are totally beyond my control. I’d like to be less passive in my financial planning.
Thanks, all!
Submitted October 15, 2020 at 11:09PM by GeekyKestrel https://ift.tt/3dyaoKB
