If you were to inherit a large sum of money, roughly $500,000, would you use that money to invest or would it be more wise to payoff your mortgage assuming your mortgage is roughly $280,000? Or a combination of both? If I were to ingerit that right now I could pay off all of my debt (credit cards, mortgage, car) and probably still have enough left to set some aside for retirement and set aside money for my kids. My mortgage rate is 2.5%. I have seen some people say it would be better to invest as much as possible and some say to pay off all debt first. Just curious what people here think would be best.