Skip to main content

Posts

Featured

How to Make Your Inheritance Last

Most people believe that receiving a large inheritance from a loved one would be life-changing. At  least  one study, however,  found that about one-third of Americans who had received an inheritance eventually experienced a decrease or no change in their wealth after receiving the inheritance, meaning that they most likely spent everything  they  received.  For baby boomers who received an inheritance of $100,000 or more, nearly one in five spent it all.  If you are preparing to receive an inheritance, there are several steps you can take to  ensure  that your funds will last longer than a few years.   Do not make any hasty decisions.  Once you receive your money, do not make any hasty decisions about what to do with it. While you are crafting your long-term financial plan, consider taking some of the following actions: ●  Park the funds in a safe place such as a savings account, money market account, or certificate of deposit. However, be aware that the FDIC insures these types of ac

Latest Posts

3 Tips for Every New Homeowner

Keeping Your Emergency Contacts and Medical Information Updated for First Responders

After a Dementia Diagnosis: Preparing for the Future

How to Choose the Best Home Care Provider for Your Parents

Can Over-the-Counter Hearing Aids Prevent Dementia?

What is the Difference Between Palliative and Hospice Care?

Are You a Family Caregiver? New Bill Seeks to Lower Costs