Inheriting a home can be major life change and it bring with it a number of decisions that need to be made. Depending on who else was included in the inheritance, you’ll have to figure out what you want to do with it. Every decision brings a different set of pros and cons so understanding those will help you determine what option is best.
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Check out today's rundown below:
2:55 – The situation that surrounds inheriting a home.
3:45 – When you inherit a home, you essentially have these 3 choices.
4:08 – Capital gains will likely be much lower than you expected.
4:33 – Insurance issue you might face if you don’t plan on occupying the home.
6:37 – Pro and cons to renting the home.
8:17 – Dan shares his own family experience and what decision they made with an inherited home.
9:51 – Estate planning falls under the holistic approach to managing your portfolio.
11:28 – Getting to Know You segment: What hobby would you get into if time and money wasn’t an issue?
14:09 – Mailbag question: Should I capture my recent 401k gains and take the risk off the table or should I continue on?
Episode #70: Settling Financial Debates
Episode #69: Hidden Expenses
Episode #68: Important Financial Terms You Should Know
Episode #67: Tax Planning And Retirement
Episode #66: Ask Yourself Five Retirement Questions
Episode #65: Elements Of A Successful Retirement
Episode #64: Giving Money Mission Statements
Episode #63: What Demographics Can Tell Us
Episode #62: Debunking Financial Myths
Episode #61: Things You Can't Control
Episode #60: (I Can't Get No) Retirement Satisfaction
Seven Estate Planning Mistakes You Need To Avoid
Spousal Conflicts: Savers vs. Spenders
Playing Retirement Catch-up
How Do You React To Market Corrections
Story Time
Lessons I Have Learned From My Clients Who Have Retired
The Five Things I Wish Every Investor Knew About Market Volatility
The Most Overlooked And Forgotten Element of Retirement Planning
The Guy Who Freaked Out On The Plane: What He Can Teach Us About Market Crashes
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