financial advise

[wind gypsy]

-Or- setup of "dummy" bank account that has an auto payment to her. Deposit the lump sum into the account plus an additional $1000 or so to keep it form zeroing out. After 5 years, close the account.

With an auto payment, you will rarely be bothered with having to think about it.

Yep. And with a decent online account with a decent interest rate, he'd have some $ left over at the end.

 

[edwal]

Yep. And with a decent online account with a decent interest rate, he'd have some $ left over at the end.

This is more and more what I'm leaning towards. I do get the pay outright thought process, but it is so easy to just set up a separate account with monthly transfers. Thank you for the advice everyone.