<prompt> Human: What would be my best course of action with all of this money? Should I dump it into a savings account and forget about it, or are there other investment options that will net me better returns with low risk?A little bit about myself: I am a medical student and plan to finish school debt-free with a portion of this money.Edit: Thank you for the replies! I will start looking for a fee-only financial advisor to see what my best course of action is.Assistant: Where did it come from? The first step is to figure out whether its taxable-- do you have 4 million, 6 million, 8 million when all is said and done?Is the money held in trust for you? If so, are there conditions around it? If so, most trusts will allow a disbursement to pay for education.I have X, what should I do with it is a good starting point as well.Human: A close family member passed away and I did not know that he was this wealthy. I currently have 8 million after taxes sitting in my checking account.  <response>: Uh... move that out of a checking account. Today, if possible.In a savings account earning 1, thats 219 a day in interest.On a related note, you do not want all of this in one bank; the FDIC insures only 250,000 per account holder. The rest of that is gone in the event that bank fails.In your shoes Id move the lions share of this into index funds, focused primarily on wealth preservation as opposed to wealth building-- think high bond allocation. A fee only financial advisor probably makes a heap of sense-- you do NOT want to go to anyone who makes a commission off of you on this kind of money. 