Looking for some financial advice...

[mosesbotbol]

Put it into a bank escrow until you decide.

You talk to firms like John Hancock, Fidelty or Putnam and see what kind of programs suit your needs. There are also accounting firms that handle "windfall" kind of situations to ensure you are doing the right thing.

As much as I would love an inheritance, having my family alive is even better.

What ever you decide, take your time.

Investment real estate is good depending where you live. In Boston, student housing rentals are generally good investments, especially if you have reserves. You could expect 10-15% return quite easily as well as the intrinsic value of the property. Not everyone lives in strong rental market areas though.

Originally Posted by mosesbotbol

Not everyone lives in strong rental market areas though.

College town are delightful for this.

[forgop]

Originally Posted by DoctorBJ

College town are delightful for this.

I considered this at one time, but it's difficult considering where I'd buy as I'd have to pay a management company to handle everything and that would eat into most of my profit.

[forgop]

Originally Posted by mosesbotbol

As much as I would love an inheritance, having my family alive is even better.

Tell me about it...to get it, I lost both parents and 2 grandmothers in less than 2 years. I'd had 3 of my 4 grandparents since 1986, but it was a lot real quick. In both situations, both parents had lengthy battles that prepared us for it (cancer and sarcoidosis) whereas both grandmothers were the most surprising even though they were 76 & 83 when they passed (stroke and apparent heart attack).

At just 35 years of age, I'd give it all back to have been able to have my dad around another 10+ years as he was just 60 years old.