Manage episode 233001166 series 1923829
In episode 154 of Financially Simple, Justin looks at the various types of Inheritances and how best to handle each. RELATED ARTICLE: https://financiallysimple.com/inherited-money-now/
Receiving an Inheritance from a loved one can be a blessing, or a curse if not dealt with properly. Justin goes over the basics of the types of inheritance one might receive, and gives his own five-point method of how to go about using it.
Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!
00:56 - What Should I Do With an Inheritance?
01:32 - Some Trends With Regard to Inheritances
04:56 - Justin’s 5 Point Method
07:27 - A Case Study
08:25 - The Inheritance Mind Map
09:06 - Types of Inheritance
11:39 - Mind Mapping Decisions Based on Your Personal Situation
13:04 - IRA
14:18 - 401k
15:06 - ROTH
16:17 - HSA
16:56 - Life Insurance
18:00 - Real Estate
20:20 - Businesses
21:52 - Non-Qualified Investments
23:10 - Vehicles
23:57 - Wrap Up
Financially Simple podcasts are recorded on:
Samsung notebook: https://amzn.to/2EvYu3P
Yeti Blue Microphone: https://amzn.to/2VB6V7x
The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States. Host Justin Goodbread is a serial entrepreneur, CFP (Certified Financial Planner), CEPA (Certified Exit Planning Advisor), CVGA (Certified Value Growth Advisor), Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional.