How to Money Ask HTM - Buying a Used Mattress, Best Use of an Inheritance, & Disqualified from a Roth #988
May 26, 2025
Explore the do's and don'ts of buying a used mattress—is it frugal or just cheap? Debate the best use of an inherited $150,000: pay off your home or invest? Learn how to handle excess Roth IRA contributions if you no longer qualify. Delve into car warranties and why understanding your coverage is crucial. Finally, get insider tips on switching brokerage firms for better investment options. Tune in for practical advice on making smart financial decisions!
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Smart Inheritance Use Advice
- Consider personal financial goals carefully when using inheritance money.
- Avoid rushing decisions and balance paying off mortgages with investing and saving.
Inheritance Tax and Liquidity Importance
- Remember to account for state inheritance taxes.
- Prioritize liquidity and use high-yield savings accounts to keep options open.
Manage Inheritance With Care
- Do not make emotionally charged decisions with inheritance money.
- Consider spending a small, intentional portion to relieve pressure and honor the giver.
