I'm pretty sure the Bluth family is a terrible role model here
January 30, 2012 1:48 PM Subscribe
I'm inheriting $100,000. My parents are inheriting a lot more (around $1mil, but we're not sure the exact amount). Please give us advice. We're in the US (New Mexico).
posted by Harry Potter and the Puppet of Sock to Work & Money (26 answers total) 2 users marked this as a favorite
I want to put mine away and get as much interest as possible. I would also consider buying instead of renting (a house or condo or apartment or something) if that is a good idea. But I am guessing that it is not on account of me not needing much space and so apartments are good, and also if the house gets termites or plumbing things or falls apart in some other exciting way I have no ability whatsoever to fix it.
I may spend some of the yearly interest when I get it (probably on travel and possibly health insurance, since my job doesn't have it and I have to go off my parents' in a few years).
I'm totally willing to hire someone to help with it. Or go to a class or something. If you guys have any recommendations on that-- people/classes in New Mexico-- feel free to leave 'em.
My parents are way better at this sort of stuff than I am, but they still have never seen anywhere near this amount of money in their lives, so after paying off the house-- which they already did-- they have general ideas of what to do but are also happy to take any general advice.
Sockpuppeting because I don't really want everyone who knows me to know I got a big chunk of money. I live pretty frugally and want to stay that way.