Over the next two decades, an estimated $124 trillion is expected to pass from one generation to the next. For many people, receiving an inheritance can feel overwhelming. The first challenge usually is not deciding how to invest the money. It is knowing what to do next.
In this episode of A Wiser Retirement® Podcast, we discuss the first steps to take after receiving an inheritance, the common mistakes to avoid, and why it is important to pause before making major financial decisions. An inheritance often comes during a difficult season of Grief, Family responsibility, and emotional decision-making, which makes having a clear plan even more important.
Related Podcast Episodes:
Ep 283. How to Manage a Sudden Money Windfall: IPOs, Business Sales, or Inheritance
Ep 278. Avoid These Common Mistakes After Receiving a Large Inheritance
Related Financial Education Videos:
What is the stepped up basis loophole for inherited assets?
Inheriting a Property: Keep, Sell, or Rent?
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