ARTICLES | UPDATES

We would love to hear from you on Over 50 topics you would like us to write about. 
Email us at coloradospringsover50@gmail.com 
  COLORADO SPRINGS OVER 50
  • Home
  • GALLERY
    • Gallery
  • News / Articles / Events
    • Articles
    • Events
    • Join Mailing List
    • Press Releases
    • Newsletters
  • Community
    • Directory
    • Professional Networking Links
    • Senior Retail Discounts
    • Senior Food Discounts
    • Senior Grocery Discounts
    • Over 50 Clubs & Activities
    • Continuing Education Opportunities - Over 50
    • Things To Do
    • Business Catalogs
  • |
  • Membership
    • Join Us Today
    • Member Advertiser's Area
    • Coupons
    • ^ Fan Page
    • Advertising Value Report
    • Chamber’s Welcome Center
    • Member Support
  • Contact
  • Login

What Should I Do with an Inheritance?

10/18/2021

0 Comments

 
Picture
You are in retirement or moving towards retirement and you receive an inheritance. What do you do with the money or the property?

The answer depends on several factors. What is your current financial situation? What do you expect your financial situation to be in the short term and in the long term? Too many people have little or no idea because they have not done proper planning during the income producing years. You definitely should not expect an inheritance to pay for the rest of your life.

Things happen. People live longer. Your planning should revolve around your resources, not
someone else’s.

After evaluating your Money Life, it is time to figure out what to do with the inheritance. Write down your goals (with your spouse, of course). Put together a plan. Then, take action; follow your plan.

If you wish to work with a financial person, choose someone who is a fiduciary, someone who by law must put the client first, someone who does not make money by selling financial products.

If you don’t need the inheritance, think of your Legacy. Your legacy is what you pass on to your descendants as well as your personal contribution to all mankind in the future.  Pay it forward; leave the world a better place than you found it.

Money Coach Bill Stanley is a Registered Investment Adviser, a fiduciary who does not sell
financial products. He educates and he coaches. Bill’s passion is financial literacy for all. His
book, “Money Sense for Young Professionals” is a perfect gift for that child or grandchild who is interested in a better money life. Bill has started a private nonprofit, the William Stanley Foundation, as part of his legacy.

0 Comments



Leave a Reply.

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018

    Categories

    All
    Baby Boomers
    Baby Boomers Reminiscing
    Eat And Drink
    Exercising The Mind
    Finances
    Healthy Living
    Holidays
    Home Decorating
    Housing Option
    Recipes
    Things To Do
    Travel

    RSS Feed

Colorado Springs Over 50

Contact

Cell(s):  719.244.6798 or
​720.530.4097
Email Address - coloradospringsover50@gmail.com 
Website Privacy Policy | Site Map
Technology by Chamber Nation
  • Home
  • GALLERY
    • Gallery
  • News / Articles / Events
    • Articles
    • Events
    • Join Mailing List
    • Press Releases
    • Newsletters
  • Community
    • Directory
    • Professional Networking Links
    • Senior Retail Discounts
    • Senior Food Discounts
    • Senior Grocery Discounts
    • Over 50 Clubs & Activities
    • Continuing Education Opportunities - Over 50
    • Things To Do
    • Business Catalogs
  • |
  • Membership
    • Join Us Today
    • Member Advertiser's Area
    • Coupons
    • ^ Fan Page
    • Advertising Value Report
    • Chamber’s Welcome Center
    • Member Support
  • Contact
  • Login