<prompt> Human: First of all, I know there have been posts similar to this about inheriting money and I apologize for making another, but here I go. My mother sadly passed away 6 months ago and I inherited 500,000. Currently, I have zero debt, no income, and in the first year of medical school. My major expenses over the next four years are school and living apartment approximately 180,000 in total paying for it all out of the money I received so no student loans. So far Ive set up a Roth IRA through Vanguard and put max in there and plan to continue doing so every year. Im not sure what the next steps should be. Do I leave the money in the bank, invest it, store it under my mattress or what? Im not one to buy expensive items cars, clothes, etc, but one idea I had was buying a very small house or condo, so I didnt have to throw away so much money on rent for the next 3 years, but Im not sure if thats smart. I do want to keep an emergency fund of around 40,000 in my bank. Im aware thats a lot of money that I could be investing with, but you never know what could happen in regards to your health, the economy, etc. Also, just so you know, Im single with no kids.Im open to any suggestions. Thank you for your help.  <response>: Just a tidbit: Currently, I have zero debt, no income, and in the first year of medical school. My major expenses over the next four years are school and living apartment approximately 180,000 in total paying for it all out of the money I received so no student loans. So far Ive set up a Roth IRA through Vanguard and put max in there and plan to continue doing so every year.IRAs can only be funded through taxable compensation, so you may want to consult someone before using an inheritance to fund one.Source: 