""I know $1mm parked away at a 5% withdrawal rate is $50k a year which I could comfortably live off, but I'm not sure if that's the best use for the money.""
""Iâd like to meet with a financial advisor for some insight as to what my options could be, and would love some insight as to where should I start looking.""
Receiving a large inheritance can significantly alter one's financial landscape. A Reddit user, poised to inherit $1 million, is weighing options between living off a 5% withdrawal or investing the funds sustainably. At 20-something, with a healthy salary and savings, they seek guidance from a financial advisor to ensure proper management of their newfound wealth. The desire for informed choices underscores the importance of strategic financial planning to optimize benefits from such windfalls.
Read at 24/7 Wall St.
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