The Financial Markets

[Stewie]

Originally Posted by TrebMaxx

Fortunately, the inheritance was sizable, under 200,000, but not enough to qualify for estate tax, which BTW, the estate has to be over 2 million this year (thank you Replubicans!). This was all covered with the lawyer I used to settle the estate.

Like I said earlier, it is just me and the wife, no kids. We make a comfortable living. I write software and the wife is a Admin Assistant for the Director of one of the schools at MU. We are not uber wealthy, but not hurting at all. Our total debt is well under a $100,000 including everything, cars, mortgage, etc. I think reason for that is because we don't have any kids (not by choice, medical). It has allowed us to pay things off or pay cash for big ticket items and keep our debt low. We are also fairly modest. We don't have fancy cars or a house that is way too big for us, things like that. We live a fairly simple life.

The passing of my mother was totally unexpected, thus why I am scrambling to figure out what to do with the money she left. But, even before this happened I had my financial plans set up so that I can retire from my current job at 55 - I am 45 now. My company will pay my health insurance if you have worked 25 years and reach the age of 55. When I said retire it just means from my full time current job. I would still do B.S. work here and there, but on my own terms.

I think what some are missing on what I was trying to get opinions on. Really, it is all about the current financial crisis going on. In some ways it is great because like people say - buy low. That seems to be available in the current market. But all of the doom and gloom that is being reported has me very concerned.

I missed this some how. Dude, sit tight. Deposit the money in the bank you use (if it's reliable) and spread the money so you're not over the $100K FDIC guarantee on any one deposit. I'd wait this shit-storm financial debacle out. That's just me. Do your own due diligence.