Hi Keesha – $600k is a lot of money, and too much to be sitting in the bank collecting low interest. If you invest the money adequately you should be able to retire at 60, or thereabouts. I’d sit down with a financial advisor, one who comes with personal recommendations. There’s no way to tell you how to invest without knowing all your financial details, so you’ll have to share those with that person, and be ready to accept his or her recommendations.

Hi JPW – It’s really an investment category all its own. It’s also more “hands on” than most people are comfortable with. Real estate investing in individual properties is part investment, part business, so it’s not as simple or easy as most think.

Hi Vince – If you have no idea whatsoever, you really need to sit down with a qualified financial advisor. You need to determine your goals, requirements and risk tolerance. It isn’t a question that can be answered by a blog comment. The answer is different for everyone based on personal considerations. The tips in the article are just suggestions, but if you don’t know for sure, you need direct advice.

I just came into $500K. I want to know the best way to invest it and maximize my return.
Please help!

Hi Evelyn – You need to pray about that, and read the Bible verses that pertain to the tithe. But the Bible does say that the tithe is to be based on your increase. That comes from a lot of different sources, not just wages and salary. (In biblical times, the “earnings” were often crops, livestock or fish, so it’s actually a lot more general.)

I’d be careful about selling the house unless you have definite plans for the money. You don’t want to do anything that will risk losing that kind of money, especially since it probably took a lot of years to build it up.

Hi Dd – You’ll want to invest the money in a diversified portfolio. Since you are new to investing, you could try using a robo advisor, like Betterment or Wealthfront. If you want more personal attention, you could also try using a full-service broker. They will appoint an investment advisor who will manage your investments for you though the management fee will be higher.