(This may not be the best/correct place on the forum to postthis question, but it's the closest I could find. If there'sa better place, please let me know. - Thanks)It looks like I'm about to cash in on a pet project that I've been nurturing for a couple of years. A company has stepped forward and is about to pay me on the order of $85k for some technology I developed over the past couple of years. Good for me!The problem I now face is what do I do with this money? I'm a US citizen in my early 40's; my day job offers a 401k which I've already been maxing out (they have no claim or interest in what I've done). I've got only about 10 years left on my mortgage.Sadly, I expect that Uncle Sam will swoop in to take almost 40% of this windfall. Barring that, I worry that this will destroy the financial aid situation we already have in place for our daughters in college, and we'll end up having to fork it over to the schools they go to. I almost feel that I may not end up with much (if anything) of what I worked so hard to earn.What options are there for me to make best advantage of this situation? Are there any financial mechanisms available that will let me hold onto this? Is there any way I can avoid or minimize the tax hit?Basically, what would Motley Fools do?
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