Live off Savings until Inheritance or Go back to Work
I am 53F, empty nester, no current health problems.
Four years ago, I sold my house and quit my job to move in with my ex-fiancee in a new city. The relationship ended so I bought a 125k house and paid for it in cash. I never went back to work and have just been living off of the money I got from selling my house.
I have 200k in savings, no debt. My living costs are about 25k per year.
My dad passed away this spring. I received $400k from his life insurance.
I had planned to go back to work next year, but with the inheritance, I don't want to go back to work anymore.
My mom is 70 and my dad left her $14M in assets. I have 5 siblings and we all expect/assume that our mom will divide her assets equally.
If my living costs remain fairly the same, am I making a financial mistake by just living off of my savings until my mom passes away and I get my inheritance?
Should I go back to work and invest that 400k instead?
I really don't know what to do. Please offer me some guidance. TIA
EDIT: I want to add that my mom would be OK if I wanted move in with her at any time. She wouldn't even require me to get a job or pay for any living expenses. Therefore my 600k would go a lot farther if I moved in with her. BUT I don't want to live with her which is the reason I'm asking for advice on the best approach for dealing with my 600k until my next inheritance.
"But how do you know you're even getting an inheritance?" I just know because she's my mom and I know how she operates. I may not know the exact amount, but I'm 100% sure that I'm getting something, certainly more than the 400k from my dad. Can you guys just go with that scenario if you're going to give advice? Snarky or rude comments aren't helpful.