A Redditor received an inheritance of $450,000 and is seeking investment advice for the next 20 years. The money is currently in a high-yield savings account earning about 4.3%, generating an annual income of over $20,000. The Redditor reports no immediate debt, allowing for thoughtful investment decisions. Although they have a mortgage with a low-interest rate of 2.7%, it's noted that this doesn't necessitate paying it off quickly. The emphasis is on investing in ETFs to diversify and manage risk effectively.
A Redditor has received a significant inheritance of approximately $450,000 after taxes and is uncertain about the best investment strategies for the next 20 years.
The Redditor currently has the money in a high-yield savings account earning around 4.3%, which provides an annual return of just over $20,000.
With no immediate debt and a manageable mortgage interest rate of 2.7%, the Redditor can focus on investing rather than paying down debt.
It is advised that the Redditor consider investing in various ETFs to diversify holdings and mitigate downside risk, considering the long-term horizon.
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