My college-age kids inherited $300K from a 401(k). What should they do with this money?

“Is there a way, with their permission, that I can oversee these funds at least until they are a bit older?” (Photo subjects are models.) - Getty Images/iStockphoto Dear Quentin, My college-age kids are inheriting $150,000 each, mostly from a 401(k) so the money is taxable. I am still going to pay for college, so this money is likely to be saved for the purchase of homes in 10 years or so. My thought is they should start withdrawing it from the 401(k) now while they have little or no income and taxes wil ...