I’m 68 and about to inherit $1.5 million. What should I do with it?

An annuity can be set to adjust for inflation, which is an important protection for such long-term investments. This could be a good substitute for the loss of the age pension because there is no variability or dependence on investment markets. Consider reaching out to a financial planner for a customised plan. The sum involved here is large, and I’m sure your parents worked hard to amass it. Money spent on a well-considered plan would be an excellent investment, I think. I have recently sold my shareholding in my company and will receive a significant lump sum. I have no outstanding debts apart from a manageable mortgage on my home. What should I do with the proceeds from the sale? I’m thinking ETFs would be a suitable option but also think I should diversify my investments to help protect my capital. Thanks for your question. I think you might be putting the cart before the horse here. I would start by getting clear on what you want this money to do.