<prompt> Human: I grew up free lunch in school poor, and now the company I work for is blowing up.Im getting a big one time payment this year because its been a good year.I dont know what to do with the money no debt, emergency fund well funded, we save a significant part of our salary, because Im paranoid about being poor again.I dont know how to have money.Edit: My normal salary is about 60k. This year they had a major winfall that I spear headed, my total income will be over 150k plus my partners salary.We also get some paper income from a family company the way the company is structured, we will have to pay on income that is basically just paying the mortgage, so we dont get a distribution, but have to pay the taxes. Our combined income will be over 200,000. Its usually at around 80,000.My salary next year is likely to return to normal.Im incredibly lucky, Im aware.Were going donate around 5000 to local charities.Id like to put 20k into a college account for my kids both under 5.We dont have any expenses weve been waiting for... One of us may have bought their first fancy purse... From the outlet.. On sale...My dad has an investment guy that I considered putting money with.That business I mentioned above is pretty much my retirement account.Im most concerned with taxes. Should I buy a farm? Are there one time deductions I should make? Should I go do that medical stuff Ive been putting off?Edit: we live very frugally, paid off cars, no other debt, no cable, essentially rent free living in me folks 2nd house. We dont go to concerts or that kind of thing.We blow money on food and drink a couple times a month.Edit: Im in my lower 30sEdit: regarding the charities, we only donate to npr, red Cross, and local charities. My wife helps with a womens shelter and I work with the local food bankAssistant: This is a good sub for it.No debt is awesome, emergency fund is at least 6 months? Where do you keep it? You could open a high yield savings account to get a little more bang for your buck.This chart is usually referenced. Its a good tool.Do you have IRAs? You could open IRAs for both you and your spouse. Any kids? You could open a 529 account.Human: Thats awesome! Thanks!  <response>: Open a 529 account for both your kids.Open IRAs for you and your wife. I suppose you wont actually be able to open a Roth this year because your income will be too high, but next year open one, or you can open Traditional IRA and roll it over to a Roth. It sounds more complicated than it is. Heres the income limit info.You could open a brokerage account, invest in some mutual funds outside of your IRAs. Reference this chart, its a good decision making helper. 