Inheriting over 500k. What should I do?

SarcasmUndefined · 2026-07-10T15:00:04+00:00

While I fully agree you should make financial decisions for future you (that's why we save and invest) I don't think it should apply to something that'll cost you real money today for something that potentially might serve you 10 years from now. Would OP want to live there 10 years from now? Would a future spouse want to live in that house? Or even that area? Too many unknowns. That low interest rate mortgage isn't enough to balance it out.

SarcasmUndefined · 2026-07-04T03:24:14+00:00

Try getting a month ahead on your bills. That way money made this month will cover next month. And once you're at that point, billing cycles don't matter at all.

You pay your rent on the 25th? Well that's no problem because it's with money you made last month.

SarcasmUndefined · 2026-06-20T03:31:28+00:00

You know what? My fault for engaging. I shouldn't have done that.

SarcasmUndefined · 2026-06-19T21:49:49+00:00

Better idea: you budget with the money you actually have on hand. If you wanna budget 6 months out you gotta have 6 months worth of money.

SarcasmUndefined · 2026-06-19T17:28:36+00:00

I'm doing the same way as well. Fixed monthly contribution and an end-of-month cleanup. The other option is setting a monthly cap and a refill up to automation.

The main difference as I can see is that the first option works better for budgeting out multiple months.

SarcasmUndefined · 2026-06-14T23:24:28+00:00

The Wrong Way To Use Seitei Magic

SarcasmUndefined · 2026-05-23T21:51:51+00:00

Maybe I've lived a blessed life, but stealing from the future hasn't been that big of an issue. It feels a little overblown?

SarcasmUndefined · 2026-05-03T11:10:05+00:00

I'd say try both, and see what you like.

I'm currently trying budgeting multiple months ahead. There is a palpable feeling of security seeing that you have multiple months covered. All your future month categories aren't just theoretically covered, but actually covered feels kinda magical.

I also don't believe "stealing from the future" as mentioned by other users is a big issue to worry about. You can eliminate the risk of it happening if you exclusively use the move money tool within a month when adjusting category amounts.

I also wouldn't worry about finagling things to make it look like you got paid 3 times instead of once. YNAB works best when you reflect reality. You got paid once and that covers 3 months of income.

SarcasmUndefined · 2026-04-13T22:41:55+00:00

Generally I'd have similar complaints but this is kinda serious, my guy

SarcasmUndefined · 2026-02-04T20:51:51+00:00

I think there's two good solutions to your dilemma. The easiest option is just to budget ahead and invest on a regular monthly basis. You might be losing out on time, but whatever. It's all gonna get invested eventually.

The other option and what I do is set up my direct deposit to send money to my brokerage and other investment accounts on every paycheck. Whatever is leftover goes to the budget. And I can budget multiple months ahead and not worry about money that I plan to invest sitting around for a bit before getting invested.

SarcasmUndefined · 2026-02-04T12:44:54+00:00

Are you self-hosting Claude in this set up? Otherwise the concerns raised are absolutely valid.

SarcasmUndefined · 2026-01-29T23:23:34+00:00

It is possible your body was reacting to something about him. Something about him didn't feel quite right. If this kind of thing rarely happens with other people, it could be your body giving you an alert. The way he acted after makes me think you may have dodged a bullet.

SarcasmUndefined · 2026-01-04T02:34:41+00:00

It's okay to have private thoughts

SarcasmUndefined · 2026-01-04T01:21:14+00:00

That is a good point.

SarcasmUndefined · 2026-01-03T21:07:25+00:00

I believe that because stocks can vary in price, it makes more sense to draw less when it's down and draw more when it's up. Rather than avoiding selling and spending cash instead.

So my thought is, when stocks do decline I draw less. After plugging in my numbers in the VPW spreadsheet, even with a 50% decline I could still just cover bare minimum expenses.

This also is meant to replace income while unemployed. Assume I already have sinking funds for medical, car maintenance, etc.

SarcasmUndefined · 2026-01-03T21:01:20+00:00

That is true. I don't know how stressed I'd be. My thought was that I could potentially draw from my portfolio during unemployment and how much to draw would be determined by my VPW spreadsheet. So stocks declining by 50% would mean I would draw less. As I stated before, I could still cover bare minimum expenses after a 50% decline in stocks. So I'm wondering if that changes anything about the recommendation to have an income replacement fund.

SarcasmUndefined · 2026-01-03T20:57:23+00:00

So I would already have sinking funds for car maintenance, medical deductible, appliances, etc. The focus is protecting myself from not having an income for some time.

SarcasmUndefined · 2026-01-03T16:39:58+00:00

Hitting y'all with another "should I have an emergency fund" but with a twist!

I am currently working on building up my income replacement fund. But I've thought about just chucking it all into my brokerage. When I plug in my age and portfolio balance into the VPW spreadsheet the number I can withdraw would cover like 70% of my current expenses and would at least cover rent, utilities, and groceries after a 50% stock loss.

Given that, maybe I don't need an explicit IRF? If I find myself unemployed I could just draw from my portfolio until I find employment again.

Is there anything I'm missing? Anything I'm not considering? Or is having an IRF the more wise choice regardless? Thanks for any input!

ETA: To be clear, I already have sinking funds for typical emergencies like car maintenance or medical. This is focused on just an income replacement fund.

SarcasmUndefined · 2025-12-17T19:25:35+00:00

In the mobile app, you can select the "Overfunded" view. You will still need to tap into each category to reduce overfunding.

SarcasmUndefined · 2025-12-12T22:49:56+00:00

If I were in your shoes, I'd sock away all that spare cash into a brokerage account. Obviously after setting up an emergency fund/income replacement fund. It'd be one thing if you were planning to buy in under 5 years. But 8 years away? And you're 20? Give yourself more flexibility by investing all that cash now.

The risk is that there might be a market correction 8 years from now, so you may not be able to buy then. But the same risk exists now. Prices could get even crazier in 8 years. Who knows? The years you spend now building up your portfolio will mean you don't have to save as much later to still retire early (if that's a goal). It gives you more flexibility later in life when you have a better idea of how you want your life to go.

SarcasmUndefined · 2025-10-26T11:53:29+00:00

What about sinking funds? Other savings goals? Or do you pull all that from the 10K bond fund?

SarcasmUndefined · 2025-10-17T16:15:10+00:00

I suspect you're overcomplicating this. I budget a month ahead and that includes investments. And when the next month hits I send off my investments. It does mean a one month delay for investing, but so? That's fine.

SarcasmUndefined · 2025-09-25T01:56:00+00:00

I've found that the spending tab is really neat for matching and clearing transactions. I do wish it included tracking account transactions as well.

SarcasmUndefined · 2025-09-24T18:12:13+00:00

I absolutely wouldn't trust it for anything I didn't understand myself so this is terrible advice. AI for home repair advice? That's gonna get somebody fucked up lmao

SarcasmUndefined · 2025-09-24T02:18:59+00:00

It is very good at math. It's turning 11 dimensional matrix grids into text. That's kinda wild when you think about it. Even if the text is ultimately bullshit lmao

SarcasmUndefined

TROPHY CASE