Inherited my grandfathers cameras, what should I do? These are all 35MM film I believe, is there anyone or anywhere I can get the film developed still? And any idea where I could get some more? Total novice, but I think it was be pretty cool learn how to use them, if at all possible, or would I be better off getting an adaptor and a new digital camera to use this lens. Thanks In advance! submi…

advice on what to do with inherited $30k as a 21 year old Hi I thought id ask here since I know so little. I inherited $38,500 and after paying off my car loan and my credit card (low, $500) and buying a new phone I’ll have about $29/30k left over. A little about me, Im 21M in school currently (no loans), I have zero other debt. credit score is 720. my plan is to become a property manager / assistant …

What to do with inherited house I’m looking for advice on what to do with a home my husband and his brother just inherited. The home is estimated at 400k. We used my husbands mothers life insurance to pay it off. The home is a 4 bed/3 bath. It is located in a rural area. We think it may have some issues with the roof and possibly foundation, in addition to cosmetic interior is…

Age 23, recently inherited some money Hello, I’m a 23 year old who recently inherited roughly $13,000. I’m looking for advice as to what I should do with it. Here is a little about my current situation, I graduated college last week with a degree in Mechanical Engineering Technology. I have a job lined up to start at the end of February where my income will be $68,500. I have $5500 …

My wife and I inherited money We inherited $100k. We have spent ~$27k paying off student loans and individual loans, credit cards, and replacing some parts of our house that were falling apart. So that leaves us with ~$73k, what can we do with the rest of the money? I have roughly $33k left on my truck loan, but I didn’t know if I should pay it off completely or pay a lump …

lump sum or quarterly payments from Inherited IRA I inherited my mothers IRA when she passed in March, about $125,000. Current plan is to do quarterly withdrawals to cover auto and student loans per month, roughly $10k quarterly withdrawals, which per withdrawal calculators will last about 3.75 years. This will free up about $1,000 or so dollars a pay period, biweekly, of paychecks to put into …

I inherited a paid-off property. Should I rent it out or sell it and put the proceeds in index funds? I would probably need to put maybe $50k to update kitchen and bathrooms if I were to keep it. Property taxes and insurance are both < $1k a year. Rent in the area goes for $2,000 - $2,500 a month. Which would be a better financial decision? Edit: the estimate to sell as is would be around $325k Edit edit: the insurance and tax are as of this ye...

Please help? I inherited money but it is stuck in a nearly zero-interest account… To make a long story as short as I can – my mom died while I was teaching in China. (Yes, that hurt a great deal.) She ordered that her house be sold and the money split between my brother and me. My older brother was the executor of the will. I had a bank account at a very small local bank near her home in a midwestern city. When she died my br…

Just Inherited $20,000: Thinking about what to do… A relative died and left my Mom ~$75,000, my mom is independently wealthy and will retire soon she did very very well in saving for retirement. She decided to split up this money to my and my siblings ipso facto I got 20K. Found out yesterday. I’m married, sole provider for the house, have a 2 year old, make 155K. We have 35K savings (excluding …

Inherited a ROTH IRA, Just Found Out About Required Minimum Distribution. I guess, as I understand it, the IRS requires me to use a part of it every year according to some formula? The formula is something about $AccountBalance divided by Life Expectancy Factor and that’s how much of it I have to use or get penalized up to 25% of that amount? Am I understanding that right? submitted by /u/PoniardBlade …

I was laid off at the end of September I have an inherited IRA? I think my situation is unusual. I am 36 and I was just laid off of my remote job of 4 years due to offshore outsourcing. I was making 45k a year. I’m planning to get a job by January. My car is paid off My house is paid off value: 300k Credit card debt :11k (6k of it at 0%interest until Feb) Inherited annuity IRA: 75k My old job’s 401k: 10k…

Just inherited a house, what do I do next? I am 20F. I just inherited a house from my father (who passed away) about a week ago. The house is severely dilapidated and would require several tens of thousands of dollars to repair in order to live in or rent out. I do not have the money on hand to do the repairs. The property itself is 0.25 acres (10,890sqft) in a desirable neighborhood. T…

Inherited 401K after probate My father died and left behind a 401K that went through probate and is now part of the estate that my brother and I inherited. Do we have any options in terms of splitting it into 2 accounts that we can each control? Or do we have to control the account together (which is obviously not ideal)? FWIW it’s with Fidelity and we did each receive a sh…

Still have an Inherited Traditional IRA from grandfather after 10+ years. Hello, I still have an inherited traditional IRA from my grandfather that I received 10+ years ago. I recently read that I needed to pull this money out fully by 10 years after my grandfather’s passing but I’m not sure. I’m in PA if that matters and I’m not sure what I should do. Can I be liable for a lot of back taxes on this if I haven’t been…

Inherited a new car, Hi and thanks for helping. I have about 20k in cc debt. The interest rates are probably as bad as you’re thinking. I have a 6 yr old car with a loan and about 1k in equity. I recently inherited a practically new car worth about 22k. I’m thinking that I sell the old car, drive the new car, but get a loan on the new car’s title. This will hel…

What to do with inherited roth & regular IRA if in high tax bracket? Inherited roth & traditional IRAs a few years ago, from what I understand I have 10 years from date of death to empty those accounts. Question is what should be the game plan if I’m at a period in my life where I’m typically in the top tax bracket? Not asking for investment advice more planning. How do I manage the traditional account efficientl…

I inherited $50K. What do I do now? (NYC/New York) I could really use some advice on what to do with my inheritance so it doesn’t go to waste. I tried speaking with a financial advisor and they told me I didn’t have enough money for their help. It sucks because it’s not enough to put down on a home in my state and a home/dog are my two biggest goals. But I did immediately pay off my credit card …

Question regarding inherited 401k for my mother. Greetings, Question is not for me but rather its for my mother. My father died in 2020, he has a 401k with a 2025 target fund valued over 100k. I am finally helping her with the transfer, my first question is which route would be best for her is she is currently 58, can I help her open an Inherited IRA with a place like Fidelity and transfer to …

Is Psychopathy Inherited? Ask Someone Who’d Know! Writing about how Psychopaths Can Hide In Plain Sight spurred a debate in the comments.  Some feel psychopathy is genetic. Others think otherwise. I think psychopathy is genetic. It runs in families.  I know this because it runs in mine.  It also runs in every other family with a psychopathic gene, I have ever known. Source

Registration on transferred inherited IRA My father passed away last year and I inherited an IRA account. The account was split among the heirs and with new accounts created for each of us at my father’s brokerage. I recently transferred the account from my father’s brokerage to my Vanguard brokerage. I’m trying to make sure the transfer was handled correctly and won’t be seen as a dist…