What Should I Do With an Inheritance?

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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.

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TIME INDEX:
– What Should I Do With an Inheritance?
– Some Trends With Regard to Inheritances
– Justin’s 5 Point Method
– A Case Study
– The Inheritance Mind Map
– Types of Inheritance
– Mind Mapping Decisions Based on Your Personal Situation
– IRA
– 401k
– ROTH
– HSA
– Life Insurance
– Real Estate
– Businesses
– Non-Qualified Investments
– Vehicles
– Wrap Up

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BIO:
Justin A. Goodbread, CFP®, CEPA®, CVGA®, owner of FinanciallySimple.com, is a nationally recognized financial planner, financial educator, wealth manager, author, speaker, and entrepreneur. He has20+ years of experience starting, buying, owning, and selling businesses. Winner of the Investopedia Top100 Advisor award and Exit Planning Institute’s Exit Planner Leader of the Year.

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DISCLAIMER:
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 Top100 advisor, and business strategist with over20 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.

What Are Priority Unsecured Debts, What Should I Do With an Inheritance?.

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