My wife died on 4/7 of breast cancer. After everything is all said and done, I will receive between $550k-$650k in life insurance, pension, 401, etc. I need some advice on the best things to do with it.
My current plan:
Pay off cc/retail debt (20k) Pay off student loan I took out for my son, (40k) and set aside enough to pay for his last 2 years (additional 40k) Emergency fund (20k) Home renovations (75k)
That leaves me with roughly $350k-$450k. How should invest the remainder?
I’m 48, and would like to retire at 55. I currently have about $450,000 in my 401k plus a full pension and I make around 140k a year. I have an appointment with a financial advisor next week, but just wanted to see what you guys thought.
Submitted April 28, 2022 at 02:57AM by annonymousq https://ift.tt/imquJbK
