Hi there, My name is Z and this is my first post.Until the recent death of my father, I had never considered having a financial plan. While trying to get a crash course in Mutual Funds several months ago, I found this Foolish site and have learned a little...I will be inheriting about $150,000 in the next few months. A good friend of mine is a Insurance\Investment agent and thought he would be a good place to start. He tried talking me into a Mutual Fund, through his company of course, advising to put all of the money there. Problem is, it's track record is only 8.5% and I don't even know how many years it has under it's belt. That kind of money is a fortune to me and I don't want to blow through it. I am unemployed, disabled, 50-ish, a musician, married, live in a small town and have never considered planning for a financially secure future. I don't even know what I don't know, or what I need to learn. I've read just about every page here at TMF and couldn't help learning some things. I'm very interested in stocks and Mutual Funds and I'm now weighing the differences of Stock Adviser, Champion Funds and Income Investor.Ideally, I would like to put the money away (away where???) and receive $1000 a month to live on. Yes, the majority in a good\great mutual fund with some in a money market and some set aside to invest in stocks (4-5 yrs). But in what percentages???I don't even know about the tax ramifications. Any help and advice will go a long way towards my education! Thanks,Z
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