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Dear Fools - My aunt left me and my wife about 150k in 2 different life insurance annuities a few months ago. I'm not sure if this was through her work and if that matters, but I wanted to know the best way to take that money and invest it in stocks while paying the least amount of taxes. Is it better to withdraw slowly over the next few years or take it out immediately? We also have 3 kids and we could put some of the money in their college accounts if that helps lower the tax cost. It should also be noted that my aunt was from Massachusetts while we live in Connecticut if that makes a difference.

Any info. is appreciated.

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