Hello everyone. I recently learned I will be gaining about $160k from a family member's passing, via a death benefit on an investment account they had. I made around $50k last year and expect to make a bit more this year after a raise, maybe up to $55k. I plan to use that money within the next year or two to purchase a house.
When talking with a financial planner they suggested I should take the money and roll it over into an IRA and invest in ETFs and distribute my withdrawals over the next couple years, to limit my tax burden somewhat while also having a relatively safe place to park the money. However I am very leery of investing into the stock market right now, as I expect a downturn sometime soon.
Would it really be worth it to do a rollover instead of just pulling a whole lump sum, accepting the increased taxes, and putting it into a CD or high yield savings account?