Share your insights or perspective on the financial matter presented in the input.

Short term parking of a large inheritance?
I am sorry for your loss, this person blessed you greatly.   For now I would put it in a savings account.  I'd use a high yield account like EverBank or Personal Savings from Amex.  There are others it is pretty easy to do your own research.  Expect to earn around 2200 if you keep it there a year.   As you grieve, I'd ask myself what this person would want me to do with the money.  I'd arrive at a plan that involved me investing some, giving some, and spending some.  I have a feeling, knowing that you have done pretty well for yourself financially, that this person would want you to spend some money on yourself.  It is important to honor their memory. Giving is an important part of building wealth, and so is investing.  Perhaps you can give/purchase a bench or part of a walkway at one of your favorite locations like a zoo.  This will help you remember this person fondly.  For the investing part, I would recommend contacting a company like Fidelity or Vanguard.  The can guide you into mutual funds that suit your needs and will help you understand the workings of them.  As far as Fidelity, they will tend to guide you toward their company funds, but they are no load.  Once you learn how to use the website, it is pretty easy to pick your own funds.   And always, you can come back here with more questions.