Join Date: Aug 2002
Location: Probably in the garage
I would pay the taxes on the windfall and divide the remains into 3 roughly equal portions.
1/3 would go to retirement saving that could be used in the future towards your retirement home expense.
1/3 would go to reducing current debt (if you have any), such as car loans, credit card, etc.
1/3 would go into "current lifestyle" to buy furniture, appliances, take a vacation, etc.
I actually think that last one is really important, because none of us came with a warranty. I'm not a "spend it all" as soon as you get it by any means, but I'm also not saving it ALL for that mythical day when I RETIRE and can DO ANYTHING. I've seen too many friends not make it to that date. I've seen others make it to that date, but their health is so poor they can't get out and do what they dreamed of doing.
So....that's what I would do.
"Two barks means faster!" Enzo