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Hortensis

(58,785 posts)

34. Yes, and especially on a great, wise plan that will build on it.

Wed Sep 6, 2017, 08:10 PM

Sep 2017

At my age, I'm more with you, July. Indulge in some enrichment of our lives and invest the rest for our kids and grandkids. Might not give it to them. One pair just spent most of a little little inheritance on remodeling and new furniture, making me think maybe I'd tie it up and let it hopefully compound for a few decades into really big gifts.

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What would you do with an influx of money you didnt expect? [View all] Garion_55 Sep 2017 OP

Pay off some student loans and keep living paycheck to paycheck. neeksgeek Sep 2017 #1

how much were your loans? i am going to take out fed ones for school Garion_55 Sep 2017 #3

Why borrow money? Croney Sep 2017 #13

I made some mistakes. I tell my students to avoid loans. neeksgeek Sep 2017 #55

I'd tell you, but you have to pay me first. jberryhill Sep 2017 #2

Buy a house in France and GTFO of the US. CurtEastPoint Sep 2017 #4

Congratulations on your unexpected good fortune! July Sep 2017 #5

Yes, and especially on a great, wise plan that will build on it. Hortensis Sep 2017 #34

Don't tell anyone! BigmanPigman Sep 2017 #6

Good point! I wouldn't tell anyone either. Luciferous Sep 2017 #18

First thing: Pay income taxes on it, most likely. WinkyDink Sep 2017 #7

Sounds like an inheritance of some form. byronius Sep 2017 #20

I paid a five-figure state inheritance tax last year. And a very hefty Federal income tax hit on WinkyDink Sep 2017 #32

There's a welcome problem. But point taken. byronius Sep 2017 #38

I just did... handmade34 Sep 2017 #8

Someone whose idea of the good life is building a chicken coop Hortensis Sep 2017 #35

College Bettie Sep 2017 #9

Travel and get a break from Rump World. jalan48 Sep 2017 #10

Not to pry KatyMan Sep 2017 #11

just turned 50 Garion_55 Sep 2017 #25

Buy a house or condo (or even a cabin somewhere). LisaM Sep 2017 #12

I have everything I want so more money just means a quicker retirement FLPanhandle Sep 2017 #14

That happened to me a few years back. CaliforniaPeggy Sep 2017 #15

IT doesn't have 0% unemployment unfortunately... k8conant Sep 2017 #16

Exactly...and unless you are working IT for the govt...Outsourcing has put a huge dent in it HipChick Sep 2017 #22

ahhh Garion_55 Sep 2017 #30

Congrats! I would pay off my debt, maybe take a nice trip, save the rest. Luciferous Sep 2017 #17

Land or property. byronius Sep 2017 #19

Finish securing my old age and give it to my kids. nolabear Sep 2017 #21

Buy a 3 bedroom condo krispos42 Sep 2017 #23

woo hoo! congratulations! renate Sep 2017 #24

Pay off debt and buy acreage with a stream/river flowing through the property. sarcasmo Sep 2017 #26

That would be my plan too shanti Sep 2017 #46

I'm looking in upper Wisconsin. sarcasmo Sep 2017 #49

Pay off debt, invest and take a nice vacation. ImpeachTheGOP Sep 2017 #27

if I had enough d_r Sep 2017 #28

Buy arable land. fierywoman Sep 2017 #29

Investing in yourself isn't a bad idea Major Nikon Sep 2017 #31

I wouldn't change a thing in my lifestyle Generic Brad Sep 2017 #33

I don't know that I would be looking to spend a bunch of money to re enter the job market at 50 Hassin Bin Sober Sep 2017 #36

I'm with Hassin. Don't spend much money on education for a job at your age. It prob Nay Sep 2017 #53

Breath kacekwl Sep 2017 #37

I'd probably just bank it. MissB Sep 2017 #39

Good move getting into IT... cbdo2007 Sep 2017 #40

Invest it for retirement or any future hardship BainsBane Sep 2017 #41

Find an obscure place in the world, Tasmania perhaps, but even in the US Iwasthere Sep 2017 #42

Good for you! Seriously Nevernose Sep 2017 #43

I will tell you what I did in 2007. Blue_true Sep 2017 #44

Being as I'm now retired customerserviceguy Sep 2017 #45

Right now? I'd be able to evacuate! bluepen Sep 2017 #47

Put one year's salary in savings, and pnwest Sep 2017 #48

Add it to the retirement pot. (I'm not that far off.) Iggo Sep 2017 #50

I'd put JustAnotherGen Sep 2017 #51

It happened to me last year PJMcK Sep 2017 #52

When it happened to me about six years ago we panicked Orrex Sep 2017 #54