About to cross $1M in savings, what the hell should I do?

How old are you?

do you have a house? Mortgage?

kids?

Early 40s, house paid off, 10 years until the last kid is out, but their colleges are funded.

Funded in 529s? You have $1M in addition?

Funded in 529s? You have $1M in addition?

The market is cheap. Dollar cost average into an S&P fund. Alternatively, now is a great time to ladder some CDs.

it won't alleviate a whole lot, but buy some ibonds. You can do it up to the max. and you're wife can run hers up to the max, Just open up seperate accounts in Treasury Direct. It's easy.

I like this a lot, thanks. Wish I had started 10 years ago. Will throw this into the mix.

Check out the Motley Fool website, and read some of their books. Basically, you can put your money in stocks, bonds, and cash depending on your "time horizon" to use the money, desired rate of return, and risk tolerance.

Okay, good deal.

You can increase your yearly limit in a couple of ways. One is by taking your tax return as an iBond allocation, and this can be done up to $5K per year, above and beyond the usual $10K limit,

The other way is that you can gift someone like your wife or a family member another $10K per year,

Hookers and blow

Funded in 529s? You have $1M in addition?

1M in addition to college funds.

The market is cheap. Dollar cost average into an S&P fund. Alternatively, now is a great time to ladder some CDs.

I like the S&P idea, thanks. Not interested in CDs

Any of these things relate to a reliable source of 5%+ return? I am strongly considering just taking a low pressure 50-80k job for benefits (and a bit of extra money and 401k contribution) and riding interest into the sunset. We don't live an extravagant lifestyle. 5-8k per month is more than enough to live on.

Put it in a high yielding account at Silicon Valley Bank.

become a landlord.

buy a beach house.

bank stocks, undervalued stocks

If you mean between you and your wife combined, then you're misleading people and a narcissist. So if you have a wife then you must have 2 million combined in order to have 1 million (for yourself). Also, if you have debt, that needs to be mentioned at the forefront. Any loan/mortgage is debt.

Now if you asked this question a week ago, I'd have said put 50k on Alabama to win the college basketball title. Boom 500k return a few weeks later. Then slap 1 million of your 1.5 down on a bitcoin etf and put 350k in a lower risk investment or interest savings account that will net you a slow profit. Then pick up a couple side hustles or even quit your job if you don't enjoy it to escape the oppressive designed governmental system/the matrix. If you have an American or Canadian or non eastern European wife, you've obviously made the mistake of entering into a contract that logically does not benefit you.

Everyone makes mistakes, some bigger than others obviously, but proceed accordingly based on the foundation you've put down. A divorce would be financially troubling, not devastating if you don't catastrophize, but again, that's the gamble you've potentially made.

If you have kid/s, make sure to raise them as well as possible because you brought them into the world without their initial consent to that. Too many egregious "parents" out there today and divorce before kid is 18 should be grounds for child abuse but also a toxic marriage that lasts could be abusive to the kid/s. Don't put these vulnerable and precious individuals into an undesirable situation they didn't ask to be in. Anyways I've got to go have a beer or three but I can provide further advice if required. Good luck.

You babble on about this worthless dribble and have the audacity to accuse someone else of narcissism?

He asked for advice. It's not narcissistic to help someone. Quite the opposite.

Given the current rate of inflation, most “low-risk” investments will have a negative real yield. So there will be no riding into the sunset.

Based off a lot of what you’ve said I would highly recommend you do speak to a financial adviser.

People giving ad-hoc financial advice on a million dollars without fully understanding one’s circumstances and understanding of risk is beyond irresponsible.

Good luck!

Move to Thailand, find a ladyboy and live like a king for the rest of your life.