So Money with Farnoosh Torabi

1695: Ask Farnoosh: Managing Financial Windfalls: Inheritances, Severances and More

Jul 12, 2024
Guest
Pam Krueger
Pam Krueger, founder of Wealthramp, and Marienela Collado discuss managing financial windfalls like inheritances and severances. Topics include teaching kids about money, strategies for handling lump sums, tax implications, and setting up special needs trusts. Also, advice on A3B election for tax planning.
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Chapters
Transcript
Episode notes
1
Intro
00:00 • 4min
2
Implementing a New Chore and Allowance System at Home
04:20 • 4min
3
Teaching Financial Responsibility and Managing Inheritances
08:12 • 12min
4
Managing Financial Windfalls: Advice on Handling a Severance Payout
20:19 • 2min
5
Managing Financial Windfalls and Reflecting on Goals
22:29 • 6min
6
Managing Financial Windfalls and Inheritances
28:00 • 22min
7
Tax Planning for Graduate School and Startup Businesses
50:06 • 3min