Investing Inheritance and Rental Tax Strategy

How to handle a large inheritance: pay debt, keep emergency cash, invest simply (index funds), and why borrowing against rentals to reduce taxes can cost more than it saves.

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🤔 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Think you’re good with money? Take our Money in America quiz!⁠⁠⁠⁠

Rachel Cruze and Dr. John Delony answer your questions and discuss:

"Can we recover money that our brother stole from our father and his estate?"
"When is the right time to ask someone I'm dating how much debt they have?"
"We inherited my grandparents' house on our land. Should we just tear it down instead of remodeling it?"
"I'm buried in over $400,000 of debt and feel like I can't live"
"I'm about to get a divorce, should I pull from my 401(k) to buy my husband out of our house?"
"Should I keep inheritance money in my name only or both me and my husband?"
"Are there strategies to overcome anxiety from investing?"
"How do we get out of my car loan that has an 18% interest rate?"
"How do I pay off my debts as a single parent with no help?"
"We're about to purchase a home with my parents. Is it okay if our name is not on the deed for tax purposes?"
"How do I get my aging mom to be responsible for her finances?"
"I'm getting $850,000 in cash from an inheritance. How do I invest this well?"