‘I’m single’: At 70, I have $500,000 in stocks and $220,000 in savings. How do I invest my $130,000 windfall?

The Moneyist

‘I’m receiving enough Social Security to live on’

Last Updated: July 4, 2025 at 8:55 a.m. ET
First Published: July 2, 2025 at 10:25 a.m. ET

“I’m not worried about leaving anything for heirs, as they are well taken care of.” (Photo subject is a model.) Photo: Getty Images/iStockphoto

Dear Quentin,

I’m 70 and receiving a $130,000 inheritance right now! My $500,000 house is paid for, I have $70,000 in laddered CDs and $150,000 in a high-yield savings account, plus $500,000 in stocks and mutual funds. I am single and receiving enough Social Security to live on. I’m not worried about leaving anything for heirs, as they are well taken care of.

How should I invest this money?