Money in the bank?

Its considered as too much money. First off congradulations on your current status. Spend some of that money on a financial advisor. You have many many options and should diversify that much money.

You're on track. Time to start diversifying. You should look into buying real estate now.

Seems like you have wisely chosen to stay out of debt.

Consider buying a multi-family unit(s). That way the rent will pay the mortgage and insurance and preferably still provide additional income.

Take about $50K and use $20K for stocks and mutual funds and $30K for down payment on 3 multi-unit properties worth approx $100K asking price or less. That's $10K down payment each.

Be sure to find a good real estate mentor first and or read books on the topic or find a local real estate group in your community that meets regulary.

Watch Cramer on CNBC for stocks and look up Morningstar for mutual funds. Knowledge is key. Don't do anything until you know what you are doing. :-)

Good Luck!

http://www.goodshephard.free1up.com/

with that much cash in the bank you should look into investing in mutual funds. you can get much more return than a CD or savings acount for very minimal risk if you invest in a index fund.

Yes. You should never keep more than $100,000 in any one bank. You are only insured for $100,000 per bank.