
Originally Posted by
queenb;4130509; Do what? Jud is an adult, and may or may not care what his family has to say about the money. As for not touching ANY of it, I have to disagree. I se nothing wrong with him blowing hell out of a small part, maybe 10%, and splitting the rest in half if he really wants to try to start a business of whatever type. If he left even $150,000in a 'do not touch' account, even a safe one like index funds, he would still have a really nice retirement when the time came. With cash, not a loan, in hand, if he was modest, he could try his promotional company or whatever it was, and still have enough to start over if that proved to be a failure. It takes money to make money, and Jud now has a wonderful opportunity to try one or two things and still not go broke, if he isn't stupid about it.
As to how the money gets spent period, the twenty somethings just kill me getting their thongs in a twist if someone doesn't want to 'improve the world', give at least half to charity, etc. Being totally honest--I'dgive some to charities if it were me. I always have given money, and tried to donate time/items/etc to one thing and another. But out of a $600,000 net, think what you will, but I would NOT be giving half or even a third of it away, moast likely, and any business I set up would, 95 out of a hundred, NOT be one that was linked to saving the planet, doing research to save people, or anything like that, at least not as the #1, or likelyeven 2nd 3rd priority unless it was a coincidental part of something I am really interesed in..