<prompt> Human: My father passed away just after Christmas last year and he had me listed as a beneficiary for his life insurance plan. It is my understanding that the money is not taxable because there is no estate. I dont have any idea where to go or what to do with the money. I want to use a part of it to pay for my masters degree eventually, but the rest I want to invest. I want to be able to use the money later in life at some point just in case I get it into a sticky situation so I want it to be somewhat accessible. My mom suggested I should put it in CDs but I remember someone on Reddit saying that was stupid so Im not sure. I do not, under any circumstance want my mom to be able to touch it either. She is very greedy and somewhat devious and I would not be surprised if she tried to take it away from me. I dont think this will be an issue since Im no longer a minor but I just want to be sure.Any help is appreciated. Sorry if I sound stupid I have no idea how to money.  <response>: Dude, I was in your exact position. Do not take the advice I got and go buy a house with it. That was a shit idea.Instead, if you just wanna buy some time to think with no risk, CDs are fine.If you are going to end up with student loans, it may make sense to pay for your school with this money.Do not under any circumstances buy consumer goods with it. It may be hard to believe, but what seems important now will almost certainly not be in 20 or even 15 years.It may even be best to put it somewhere where it will beat inflation and just go about your life as if it werent there. When you have finished school and have worked for a bit, then make a decision with that money. You never know if you are going to like what you end up doing, or where it is located, or many other factors of adulting. You got lots of time, just feel out the world a bit longer. 