Just found myself with a lump sum of cash (~250k inheritance). Not sure what do it with the current economic climate? Do I just stick it to a high yield savings until elections are done? I'm kinda skeptical of the all time highs during pandemic. Married (26 M) no kids, no debt, $150k annual combined gross income in a high cost city Wife lost her job earlier this year. Looking for advice on what to do with this money. Maxing out 401k, hsa and Roth IRA and have some money in robinhood myself. Thx!

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I would say life insurance would be a great option in your situation . It is a great reliable and financially secure investment vehicle that will out perform a high yield savings account. You will lock in your insurability at a guaranteed rate since you are still young which will stay with you for life.

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⛳️⛳️⛳️

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If you put in a portion of your inheritance into insurance (disability insurance could be wise too) that will give you a solid foundation that will allow you to put the remainder in other assets tied to the market without putting yourself at too much risk. If you’re planning to have kids one day that’s another reason to do it now while you’re young and optimally insurable. Hope this helps!

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Thanks! I don’t know anything about life insurance as an investment vehicle. Never thought about looking on YouTube for that. Will see what I can find.

Stick it in a low cost index fund. Check in on it when you retire. If you are more aggressive secured lending is also an option.

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Sometimes the best move is no move at all. 💯 take your time and plan out your next chess move. Real estate 🏡 and/or Gold wouldn’t be too bad right now.

I don't know if you're planning on kids, or if you have a professional license that requires continued education, but you could look into a 529.

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