Join Date: Aug 2005
Location: Ellicott City, MD
Re: You win a million dollars... tax free!! What do you do next?
Pay off the mortgage, buy a few small things and then open a couple of accounts and slap the max FDIC covered amount in each one. Then take the remainder the split it between CDs, money market accounts, bonds and mutal funds until the market starts recovering more. Then I'd probably place all but maybe 100-150k in to the market and leave the remainder in money market, CDs and bonds.