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Will you need the interest from the money to live on? If you have it invested in CDs or money market accounts or the safest of bonds and spend all the interest that is generated, your stash will not increase. Over the years, the value of that money will be eroded by inflation. You haven't given your age, but if you've got 30 years or more to live, that $1M is going to be worth less than half of what it is today, as will the interest it generates. Without some exposure to the stock market or other investments that beat inflation (and carry some risk), you face the likelihood that the purchasing power of your stash will steadily decrease.

--fleg
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