March 10, 2016
INHERITING MONEY WISELY – What to do With Stocks And Real State

INHERITING MONEY WISELY – What to do With Stocks And Real State

INHERITING MONEY WISELY – What to do With Stocks And Real State Baby Boomers are coming into a vast piece of wealth, in the form of inheritance from their parents’ generation. Boston College researchers say that the transfer, by the time all is said and done, will total $8.4 trillion. If you are in your 50s or 60s there’s a two out of three chance you will be part of this movement, with the median inheritance totaling $64,000. Even if you are in your 30s or 40s (i.e. a member of Generation X) you may already be receiving some of this wealth. These inheritances fall into two categories: qualified and nonqualified. Qualified assets are the IRAs, 401(k)s, and other accounts set up to defer taxes. Here we will be talking about nonqualified assets: the home, the piece of real estate, the stocks, the collectibles—everything left over from a lifetime.   So what do you do if you’re one of the lucky ones? At Heritage Investors, we believe the best answer is “nothing,” at least for a little while. We all know the story: someone inherits a fortune and goes nuts, spending it in a few years with nothing to show […]