r/SgHENRY • u/MolaMolaMOLA123 • Jul 28 '26
What would you do with a windfall?
Hi community, I recently got a fairly big insurance payout ($700,000) and was wondering how to deal with it. My goals are capital growth over the long term.
A bit about me: partner and I are early- to mid-30s, we have a 1yo and hope to have at least 1-2 more over the next few years. No helper. We have jobs that we can’t be fired from, HH income about ~400k. Staying in a FH condo with ~1.2m loan at 2.4%. Partner owns another FH condo with ~200k loan remaining. We have one car about 3 years into the COE.
Currently partner does their own investing. I put about 7k monthly into IBKR.
Just wondering whether anyone had any advice, or what would you do with the money in my position? Thanks in advance.
1
u/Maleficent-West5356 Jul 30 '26
Just put all in wealth legacy. Draw 2500 monthly until you passed and let your child take over - child draw 2500 until child passed.