As ridiculous as this comment will sound, a million dollars for a 40 year old with a family is not a lot of money these days. "Oh hell yeah, I've got a million in fungible assets" honestly doesn't mean much when it comes to ensuring your future. Yeah, yeah, you could buy a Lambo in cash, and many of us here on HN could... and we don't. Do you have a pension? No? That money is there to help you in the future, not in the present.
1. Cash it in.
2. Pay the taxes.
3. Pay off any high interest rate debt, like credit cards or home equity loans.
4. Put money in a college fund for your child.
5. Move where you want, hopefully with a lower cost of living. Then, do what you want you like for money. Feel free to take breaks, but keep things moving. (Note: you do not have enough to properly retire in the US unless there's more in your investment funds that you're not telling us about.)
6. Put the rest in index funds, target funds, and other real estate investments.
1. Cash it in.
2. Pay the taxes.
3. Pay off any high interest rate debt, like credit cards or home equity loans.
4. Put money in a college fund for your child.
5. Move where you want, hopefully with a lower cost of living. Then, do what you want you like for money. Feel free to take breaks, but keep things moving. (Note: you do not have enough to properly retire in the US unless there's more in your investment funds that you're not telling us about.)
6. Put the rest in index funds, target funds, and other real estate investments.
7. Live quietly and calmly.
That is all.