What to do with Inheritance
My wife and I are 55 years old. I recently inherited $200,000.00. No credit card debt, we owe $70,000 on our fixed interest rate mortgage (Fixed 3.75% interest rate). Considering investing $100,000 in a Non Qualified Buffer Annuity in 10%, 20%, and a trigger account.
Thoughts on this?
Any suggestions on how and where to invest these inheritance funds?
Terry Says
Why pay fees to invest in an annuity? What’s the point?? These are just variable annuities that guarantee little and seem to promise everything.
This is a perfect opportunity to get some FIDUCIARY financial planning advice from someone who is not trying to sell you anything.
Find a fee-only Fiduciary planner at Wealthramp.com. Read this article on my website.
I’ll make one suggestion for a portion of the money: Consider a long-term care insurance policy that covers both of you and has a death benefit if care is not needed. Read this article on my website.
