So Money with Farnoosh Torabi 1782: Ask Farnoosh: Midlife Investing Goals, Inheritance Strategies, and More
Jan 31, 2025
Discover savvy investment strategies for midlife individuals, focused on making impactful financial decisions. Learn how to wisely handle inherited assets, including the intricacies of REITs and minimizing tax implications. Explore the evolving real estate landscape and the challenges posed by rising interest rates. Delve into the implications of tech on education and career paths while emphasizing financial literacy. Plus, gain insights into emotions surrounding inherited wealth and the importance of starting retirement savings at any stage.
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Inherited REIT Strategy
- Consider a REIT's performance, fees, and how it fits your investment strategy.
- Evaluate selling it, factoring in fees and the stepped-up basis for inherited assets.
Alternatives to Homeownership
- Explore REITs and real estate crowdfunding for property exposure.
- Consider stocks for long-term growth, as they historically outpace real estate.
Investing in Your 40s
- Start investing in your 40s using 401(k)s or IRAs.
- Maximize employer matches and consider additional brokerage accounts for further growth.