Mom took lump sum of inherited qualified Equitable annuity. Too late to put in inherited IRA? My mother recently inherited two qualified Equitable annuities totaling about $60k. She opted to take the lump sum instead of roll it into an inherited IRA. I don’t know if she realized what she did or if she just wanted the money. She’s in the 22% tax bracket but this income puts her into the 24% bracket. Is it too late to take the funds back a…

Inherited IRAs – not sure what to do with them Hi! I recently inherited a portion of my grandfather’s retirement accounts after he passed away. The funds are sitting in inherited IRA accounts with Vanguard but aren’t currently invested (they’re in settlement accounts). I have about $10k in an inherited IRA and $5k in an inherited Roth IRA. I’m honestly just confused about what I’m even allow…

Recently inherited, what are these? Hi, here’s some cameras/attachments I’ve recently inherited. I know absolutely nothing about them and I’m seeking any bit of knowledge. Thank you! submitted by /u/iinthemourning

Inherited $30k. Have no idea what to do with it or where to start. Like the title says, I inherited $30k. I don’t know if I should save, or invest, or both? I’m not sure the best way to save or invest, or where to go to do it. I also can’t seem to find a financial advisor who advises with this “low” amount. I do already have a 401k set up through my job that I contribute to. Anyone have tips, advice, or experi…

Inherited a Facebook page with 23k fans/followers??? While going through my Facebook profile the other day (ads management sigh), I saw that I’m somehow the only admin left for a medium-sized consumer brand with 23k Facebook followers for a company I worked with several years ago. Since I left the position associated with this account, I’ve changed jobs a few times and this company has changed own…

Small Value Land inherited – probate? My sister and I inherited a small piece of property worth about $20k in Kern County. Our mother years ago bought it in her name. She passed several years ago and then our dad (they were married) inherited as her husband. He never changed title. He has passed since and the property is still in our mother’s name on title and we’ve been paying the …

My 74 year old mom Inherited a 403(b) As the title says, my 74-year-old mom inherited my sister’s 403(b) after her passing late last year. The account holds about $75,000, and we’re unsure about the best course of action given my mom’s age. A rollover IRA seems like a viable option, but we’re uncertain about the specifics or if there’s a better approach. Any advice would be greatly …

My mom inherited money but she is homeless Homeless, inherited 230k. What should I do? Hi all. My mother is on ssi and has received 205k she doesn’t own a home and has two dogs, She wanted to start a business but she had multiple personality disorder and has a million different ideas. What should her first course of action be for this money? Housing or where to invest her money as well? …

Invest inherited IRA in brokerage or leave it? I am in my 30s and I’ve had an Inherited IRA from a non-spouse for a few years now. The person I inherited it from passed away in 2018 before the STRETCH act was passed meaning (if I understand correctly) my RMDs are stretched out over my own lifespan according to the IRS Single Life Expectancy Table. I’m wondering which is the better move pure…

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…