1 million dollars

[MisterSuperGod]

Invest on what you do the best

So it's back to hookers and blow, like @Gbro suggested then?
Splendid.

 

[x11]

When you guys say spend it on hookers and blow you mean you are going to set up a trust fund to pay the educational expenses to train hookers with employable skills so they can stop street hookering to gain a respectable 9-5"er like middle school teacher assistant or sumthing right.

The blow budget will go to building a rehabilitation facility to get narcotic addicted people back to sobriety and excellent citizenship right?

Just checking we on same page.

 

[Rockclimber]

If you are actually serious you need to go to a fiduciary ASAP. Financial advisors are pretty crap in my experience as I am one. A registered investment advisor however I'm also a fiduciary and therefore must put my clients interest first. We don't make any money except for the assets we manage so you can get advice for free. I've seen your story about a million times in my life and I've seen it squandered about 990,000 times out of that. Seek professional advice

 

[Rockclimber]

You guys are too funny!
I'm just not paying for a financial advisor.
I know I will have to give he government about 350k, right?
So can I put the 1 mil in a savings and pay these taxes in 2019?
Or do I not have to pay taxes on an inheritance?

Who did you receive the inheritance from? Many times the inheritance will be from an IRA and the tax laws are different... you will be taking required minimum distributions at your tax rate which is lower than the deceased. Again seek professional advice first.