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I want advice on 2 financial issues: #1.I just found out that my grandfather (who recently passed away) bought a variable life insurance policy on me many years ago. I have completed the process to have it transferred to my ownership. I want to cash it out and use it as money down when I buy my first home this year (and buy term life).#2. Sometime before the end of this year, I will also be inheriting some money from my grandfather. I would also like to use this money as a downpayment on my first home purchase at the end of this year. So should I just save the money in a savings account or should I hold the money in an IRA until I use the money as a downpayment on the home (or should I do something else)?
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