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I am 49, have earned a decent amount of money, and have changed careers to pastor a church. I can use some advice on how to invest wisely so I can retire someday.

I have two issues.

1- One kid is in college and one is going to begin in Sept 2009. I've saved enough for both ... should I just put their money in money markets at this point or let their funds ride?

2- I've got no debt, my home is paid for (about $450,000 equity) and I've got about $700,000 cash. What is the best strategy? Give it to Buffet and Co? Pick my own stocks? Standard Fidelity/Templeton type funds? Invest in real estate (prices are down.)

Any help would be appreciated.
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