From Kiplinger · · 1m 20s
How to invest your inheritance wisely
A 124 trillion dollar wealth transfer is coming. Most heirs feel ready, but choosing the right investments matters.
In brief
A 124 trillion dollar wealth transfer is coming. Most heirs feel ready, but choosing the right investments matters. Before investing inherited money, assess your priorities and consider talking to a financial adviser to match assets to your goals. Originally reported by Kiplinger.
124 trillion dollars is coming
The Great Wealth Transfer is underway in the US, with an estimated 124 trillion dollars in assets expected to pass from older generations to younger ones over the next 20 years.
Most heirs feel ready
According to a Morning Consult survey commissioned by Kiplinger, most heirs feel ready to manage the money they will receive from this wealth transfer.
Top priorities for inherited money
Heirs prioritize providing for their family first, followed by paying off mortgages and home improvements. Investing the windfall to grow wealth ranks close behind.
Choosing the right investments
With countless assets available to invest in, selecting the right one for your situation is challenging. A quiz can test your knowledge, but meeting with a financial adviser is the best approach.
Test your investment knowledge
A short quiz can help narrow the field of investment options and test your understanding of inheritance investing. Linked articles provide deeper insight into portfolio management and investing strategies.
The bottom line
Before investing inherited money, assess your priorities and consider talking to a financial adviser to match assets to your goals.
