Hi everyone, so my mom died, still feels very surreal. She left me with $500,000 in life insurance money which will be paid out as a check soon. I don't know how to best invest that money. I don't want to spend any of it and instead invest it with a low to medium amount of risk so that it can safely grow over the coming years. How would you invest the money as a financial beginner? Are there any tax implications I should know about from inheriting this amount of money?
Reddit, I'm am overwhelmed and I don't know what to do or where to start. Any guidance or advice would be greatly appreciated, thank you. Using a throwaway account for privacy.
Edit: Because it was asked, I am 26 and have no debt (just paid off my student loans last year). My mom also didn't have debts.
Submitted January 11, 2017 at 10:06AM by 1question11 http://ift.tt/2j6ubqs
