Inheritance

Hand giving three twenty dollar bills to another hand

HOW TO HANDLE AN INHERITANCE

Receiving an expected or unexpected inheritance can be an emotional and overwhelming time. The events that led to this windfall may have occurred through loss or some other life event. Here are some steps to take to help make the most of your inheritance: Take your time – allow yourself time to step back and process what has happened. Remember where it came from – think about how long it would have taken you to save up what has been…

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The SECURE Act: Some Important Changes to Know

You may have recently read that the SECURE Act was signed into law on December 20, 2019. So, what does that mean for you? It could have more of an impact than its name alludes to since it’s 29 original provisions address many topics from inherited IRA distributions to the age for required minimum distributions. Here are some key points to take into consideration. 1. Required Minimum Distribution Age Changed to 72 The first major impact of the Setting Every…

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The Great Generational Transfer of Wealth

America is in the midst of the largest transfer of wealth in its entire history.  Over the next decade or so trillions of dollars will be changing hands.  To help you make the most of an inheritance here are some pointers on what to do: Take a deep breath – most of the time suddenly finding yourself with a substantial amount of money means that an emotional event has occurred either through loss, divorce, or some other life event.  Take…

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