60k inheritance - invest, or pay the student loan?

Invest the first $11K in Roth IRAs his/hers this year. Use the last $49k to pay down as much debt as you can, then take the $500/month from the cars and put it towards the student loan to kill that off. Then have the $850 to invest, etc.

Every year you don't invest in your tax-advantaged accounts is a lost opportunity.

Now may not be the best time to buy real estate. Do some research in your market, but some areas have rebounded nicely from the dip in 2008-9 which isn't a good thing for buyers.
 
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