What to Do When You Get an Inheritance

05-Nov-2015 #Globalwealth Source: US News

There is no one-size-fits-all plan for individuals receiving inheritance but there are certain factors which one should look into. Firstly hire a certified financial planner if the sum of inheritance is more than that managed by you before or else you could end up losing a more than you gain. Cashing in an inherited individual retirement account early could leave one paying a mound of taxes so look at what works best for you.

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