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We just finished paying for our daughter's first year of private college tuition out of pocket from current, post-tax income. And we just inherited enough money to pay for her remaining three years of school. The inheritance is for retirement ultimately. We are both 50.

Is using the inheritance to pay tuition, and repaying it as we go by maxing out on tax deferred income each year, the sensible financial decision? Or should we invest the inheritance as a lump sum and continue to pay as we go.

If one's goal in retirement is to have 100% of pre-retirement income, is there enough logic behind deferred compensation?

Any ideas?

Thanks,

placeman
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