Proper use of inheritance can reap benefits (Macon Telegraph)

Story date: 2007-10-03 12:03:20
Added on: 2007-10-03 07:34:51

QUESTION: I recently inherited $85,000 and would like some advice on how to use it. I am 54, single, in good health, and do not have children. The fixed rate mortgage on my home is my only debt and I already make contributions to my employer's 401(k) retirement plan. I will not be penalized if I make additional mortgage payments. Should I use the money to pay down my mortgage or should I ...


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