I’m about to inherit $1 million from my family – should I live off 5% a year or invest for growth?

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I’m about to inherit $1 million from my family – should I live off 5% a year or invest for growth?

247wallst.com/personal-finance/2025/05/08/im-about-to-inherit-1-million-from-my-family-should-i-live-off-5-a-year-or-invest-for-growth

Key Points

Becoming an heir to a major inheritance can be life changing, but it also gives you more options than you ever had before.

One soon-to-be heir is exploring whether to take a cut to live off of or invest it for the future.

Are you ahead, or behind on…

This story appeared on 247wallst.com, 2025-05-08 22:29:22.