The Motley Fool article What to Do With $5,000 has some great ideas, ranging from travel to investing to giving it away.
An addition to the “giving it away” option would be taking advantage of the gift tax law, to give a gift of cash to a deserving person—who won’t have to pay tax on the gift per IRS rules. No I’m not referring to giving it to SuperViva
Really!
(In an odd bit of irony I found out my car had been towed, yet as I was typing this. One thing NOT to do with $5,000 is waste it on driving-related mistakes.) ![]()
Other thoughts?
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