Jill on Money with Jill Schlesinger Being Fair With Inheritance
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Jul 10, 2025 A listener grapples with a family conflict over an early inheritance, leading to a deep dive into the delicate balance of fairness among siblings. The discussion highlights the importance of equitable financial planning and open communication in families. Additionally, there's a fascinating exploration of a family's relocation journey linked to the FIRE movement, emphasizing strategic investments and sustainable living. Tune in for valuable insights on navigating financial complexities while fostering familial harmony.
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Fairness vs. Equality in Inheritance
- Treat inheritance distribution fairly but focus on equity rather than strict equality.
- Deduct early gifts from her inheritance share, and don’t get overly troubled by her reaction.
Plan Retirement Savings Strategically
- Prioritize Roth accounts and increase non-retirement taxable assets for flexibility.
- Utilize a Roth 457 plan if available, otherwise build taxable brokerage accounts.
Choosing Between Bills and CDs in CA
- Compare tax-equivalent yields between Treasury bills and CDs based on state tax treatment.
- Consider California municipal bonds for safer tax advantages if holding large sums.
