05-29-2014 10:37 AM
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.
05-29-2014 01:02 PM
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.
05-29-2014 08:41 PM
Since we're doing well already, I would start shipping monies over to family members.
06-02-2014 02:16 AM
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.