With $80,000 coming from inheritance, should we use it for college, retirement, or a future home?

"Investing in a low-cost S&P 500 index fund is a solid strategy for those considering how to utilize a significant inheritance for future security."

"With retirement milestones increasingly important, focusing on tax-advantaged accounts can maximize the use of a modest inheritance toward long-term financial growth."

The article explores various options for investing an $80k inheritance, emphasizing the importance of retirement savings. It suggests that investing in a low-cost S&P 500 index fund is a prudent strategy, particularly for those behind on retirement goals. Additionally, while saving for a future home or acquiring new skills for the AI era are alternatives, the article highlights the long-term benefits of contributing to tax-advantaged retirement accounts, particularly for younger individuals who need to maximize their financial growth for the future.

Read at 24/7 Wall St.