<prompt> Human: Hi all,Been reading this sub for quite a while but made a throwaway for this post as a few of my friends know my real account. Details are below but if there is any questions please ask as i want to make sure I am making the right decision here.I had one of my parents pass away at the end of the last year and somewhat surprisingly found the following account with me listed as a benefactor: 250,000 in life insurance 25,000 in an IRAI am relatively good about money management but this is substantially larger than what I have dealt with before. I am in my late 20s and this is what I already do from a monetary standpoint: Max out my 401k contribution for the year. Years prior to 2016 I also contributed the 5,500 max to an IRA post tax. I have not yet done this for 2016 yet. Not sure if it worth it knowing the above details. Approximately 3,000 contributed to an HSA. I also have approximate 40,000 in savings and not invested already that I was building up for a down payment. I have personally delayed buying a home until I figured all of this out.From an investment standpoint I do not really need any of the money immediately and wold probably want to invest a decent portion of it towards either retirement or maybe for a college contribution for future childrenI dont have any currentlyBelow is what I feel are my current options based on some conversations I already had:1 I had an offer from Chase as part of their Private client program to do managed assets. Based on what amount of assets I will end up having it looks like it will be a fee of 1.45 annually. The benefits I see for this is that I already bank with them and having all my assets in one place. Also I have someone I can just call to find out whats going on. 2 Find someone else who offers similar options as 1 in a managed account that is more competitive on rates. I tried doing some research on this but I could not find any concrete numbers based on amount held etc.3 Invest this money myself. Personally I am not sure if I trust myself enough to invest correctly with such a large amount. I definitely dont want to be managing this everyday or anything like that. I already have enough stress currently as is and dont want to add this on top of that.If there are any more options to look at I will gladly look at them. Thanks for all the help in advance.  <response>: Sorry for your loss.Read the wiki on Windfalls in the sidebar, and the one on Investiing.Also read some of the books listed on the sidebar, especially the Bogleheads Guides.Definitely max out your IRA for 2016 and 2017 5.5k each, you only have until April 15 to max out 2016 before doing anything else.Then, do some research and make a plan for what to do with the rest.Do not pay Chase 1.45 annually to manage your money. Too much. Not enough value. You can do this yourself.If you want some management and advice, Schwab has an advisory service which is part human and part automated which is much cheaper. But, you probably really dont need that. You can do it yourself.If you want to do it yourself, you want to invest in index funds. The simplest will be retirement date index funds with a date close to when you plan to retire.Slightly cheaper, but requiring more work to re-balance yourself as you get older, would be a 3 fund, or 4 fund portfolio.Good luck. 