First off I want to say to anyone who came here to downvote that this post is not meant to show off and the circumstances that are at play are not ideal.
Anyways, when I was 9 my mother passed away from Leukemia and since both my parents were insurance agents they both had very good life insurance policies. My mother had a 20 year term $1,000,000 life insurance policy that she and my father agreed would be written to me but since I was a minor child my father was to handle the proceeds until last year when I turned 18. About two months ago my father also passed away from Celiac disease and he had a 30 year term $2,000,000 life insurance policy. I also inherited my child home house, and a manufacture home that was my grandparents in Arizona. I got estimates of the homes value and the home in Arizona is currently worth $180,000 so I might sell it and the house in California is estimated to be $1,200,000 and it was purchased in 1998 for $450,000. I’ve already decided to rent out that home while I’m in New York for school. I don’t know what to do. Do I invest the money? My CPA said $1,000,000 would last me about 20 years so do I retire? I’m really stuck.
EDIT: thank you for the advice but I’ll be deleting this post in a about an hour since I pretty much got what I came here for and don’t think it necessary to keep this post up about my financial situation. Thanks again for all the advice everyone provided.
Submitted September 21, 2017 at 06:23PM by Kaden18356 http://ift.tt/2yh3FyP
