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Community Manager
AARPLynne
Posts: 496
Registered: ‎10-11-2007

What would you do with a sudden windfall of money?

What would you do with a sudden windfall of money?
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Info Seeker
hvharris40
Posts: 2
Registered: ‎05-09-2013

Re: What would you do with a sudden windfall of money?

Find a better facility to take care of my husband.  Medicaid is helpful, but it left us with half of what we started with.

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Trusted Social Butterfly
ASTRAEA
Posts: 12,644
Registered: ‎12-25-2011

Re: What would you do with a sudden windfall of money?

I've had that experience. The first time, it allowed me to retire way early, when I became a caregiver & was burned out at work already. The second time, it insured a secure & comfortable retirement, and the ability to be more philanthropic. Since I have no siblings, spouse or children, I consider myself just a steward of the windfalls I received, and expect to leave it all to charity in the end.

Registered on Online Community since 2007!
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verymery
Posts: 28
Registered: ‎04-13-2012

Re: What would you do with a sudden windfall of money?

 

First of all a ‘windfall’ of money would be as likely as getting struck by lightning.  There will be no inheritance as I have no money in my family…we are all workers though…worker bees I guess you could say….but a very happy group.  Our children have all gone to collage though.

I never got the opportunity to go to college and by the time I got older I tried to go back…during the crash actually…but it was far too expensive and I was just too darn old to go that deep in debt.   I have sort of come to terms with my poorness…so I won’t ‘dream’ too hard.  However, if I were to come into some cash I would buy myself a house and pay cash for it.  Get a Roth IRA and a few more investments, set myself up for a comfortable retirement….then take the vacation of a lifetime with all my adult children.  

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Valued Social Butterfly
retiredtraveler
Posts: 3,926
Registered: ‎02-14-2008

Re: What would you do with a sudden windfall of money?

Since we're doing well already, I would start shipping monies over to family members.

“The IQ and the life expectancy of the average American recently passed each other in opposite directions.”
― George Carlin
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Info Seeker
nomadsadn
Posts: 1
Registered: ‎09-02-2013

Re: What would you do with a sudden windfall of money?

Most for savings, some for charity and some for family---maybe a nice dinner out.

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brball8
Posts: 2
Topics: 0
Kudos: 3
Blog Posts: 0
Registered: ‎07-15-2013

Re: What would you do with a sudden windfall of money?

Pay off my student loans so I could retire before I turn 72.
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Info Seeker
carmoo13
Posts: 1
Registered: ‎10-05-2012

Re: What would you do with a sudden windfall of money?

I am out of a job for two years i would pay off my mortgage first, then i would give some to charity and then to my family who need it. 

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sl6014
Posts: 1
Registered: ‎06-01-2014

Re: What would you do with a sudden windfall of money?

I would pay off my bills. Pay off my kids car loans, and start a college fund for my 3yr old granddaughter.

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Info Seeker
fm104
Posts: 1
Registered: ‎06-01-2014

Re: What would you do with a sudden windfall of money?

I would pay off my childrens' school loans, buy a large piece of land and build a simple, ranch-style community house for my family, so no one in our family would ever have to worry about mortgages or loosing their home. I would indulge more in my charities and to my churches. Finally, I would build a fund for nurses who get into financial troubles for whatever reason because they give unconditionally on a daily basis to strangers.

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