This chapter delves into the emotional and financial implications of inheritances being divided in divorce settlements, emphasizing the importance of prenups or postnups to safeguard inherited assets. It stresses the need for proactive estate planning to avoid government-mandated asset division and the significance of deliberate decision-making to prevent future conflicts.
#524: Mark and his partner will soon inherit an IRA worth over a quarter million dollars. With today’s elevated interest rates, would throwing it all at a primary residence be the smartest play?
An anonymous caller and his girlfriend are musicians who dream of building a home with a monetizable recording studio. How do they untangle personal wants from business needs?
Will feels stumped about the options in his defined benefit pension plan. When should he choose a guaranteed annuity over a lump sum payment?
Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.
Enjoy!
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