The TIAA CREF person is going to probably try to sell you an annuity because they will get huge commission (around 10 percent). Not a good investment. My advice would be to put the money into a Vanguard money market fund. Then, over time, I would transfer the money to a balanced portfolio of short and intermediate term Vanguard bond index funds and the Vanguard S&P 500 stock index fund. But, I would definitely not invest it all into stocks at this time. Way too volatile and unpredictable. My opinion.
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