<prompt> Human: Next summer, Ill be be getting an insurance settlement payout from an accident that happened when I was a kid. It will be about 85k. I make about 100k a year, and have around 60k in savings. Im going to use some of the money for something frivolous, but most of it will be used to fix up our house and add more to our savings. Id like to take at least 5k and put it somewhere for my son. Whats the best place to put money that you dont plan on touching for 20 years? Also, I know I should be doing something better with 60k than putting it in savings, but Im not sure what to do. Lets concentrate on getting my son setup, then worry about me!  <response>: Put it in an ETF that tracks the SP500 and dont touch it again until your son is old enough to make his own choices. I wish I had done this instead of gambling my savings on individual stocks and losing most of it. 