Never pay off simple interest debt (mortgage, car loan) when % is lower than longer mkt rates (Ramsey is a fool). You still make the difference btwn rates, all appreciation in any asset used as collateral, potentially get a tax deduction. Home mortgage 3%, mkt 10% -you still get 7% return. Putting the inheritance in 401(k) gets you the match (potentially) and a 22% tax deduction (same as 22% return for one year). This is a great time to invest with a 15yr time horizon, take advantage of it.
