Chicken Money

I just wanted to ask you professional opinion on my situation. I am a beneficiary to my parents and my brother’s accounts, which are close to 950,000.00. I have about 200,000 in my mother’s estate account. How much would you consider keeping as chicken money?

Thank you.

Terry Says:   I would need to know a lot more about your situation to make a recommendation.  First, if they are alive (your father and brother), it is not your money yet!  So your own investments need to be based on your situation.  If this is truly your money, the decision of how to invest has to be made in context of the lifestyle you desire, and whether you want to spend it all in your lifetime — or hope to pass some on to children, charities, etc.  If you want to give me more details pls email me at Terry@TerrySavage.com and I will try to point you in the right direction to get planning help.