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Message: [QUOTE="quick, post: 3625581, member: 133269"] Great question. After taxes that'd probably be what? If we want to be conservative probably leaves us with $750K or so? So based on that I'd do the following: - I'd put 150K aside to balance between savings, Roth IRA, and a few long term investments (like EFTs). - I'd give some money to a few people close to me who have helped me out over the years (for some this might mean cash, for others who are already doing alright financially it might mean paying for a vacation or a generous gift to show thanks). Would probably cap this total giving for now at around 75K total. - 25K towards paying down credit card debt and some bills (with some to spare for extra if needed. - 250K towards a nice small home and maybe a newer car. - 40K as a poker bankroll (I'd consider using some of this to back a few trusted players). - 15K or so towards a vacation savings fund to travel a bit. - 15K or so towards starting (if not yet done already) my private practice. - 10K or so to set up some type of charitable fund. - remaining 170K or so would basically sit split between short term savings and bank accounts. Would use some to begin a better payment plan on my student loans and rest just towards daily living expenses. Even though many might pay off their student loans entirely right away, I have such a huge amount that doing so would dwindle the funds quickly (due to have a BA, MA, and soon Doctorate). So best to sit down and work out a long term pay down plan over say 25-30 years and keep that cash on hand. After all this a million doesn't seem like much so I'd probably hope to keep grinding poker and draw some income from that and probably a small private practice very part time. So probably work 1-2 days a week, play poker some other days, and travel/relax/enjoy living rest of the time. But I'd have a roof over my head 100% owned by me, money to retire with in savings/IRAs, money in the bank, and a small continuing income from poker/private work. [/QUOTE]

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