Receiving an Unexpected Inheritance in Retirement

We all wish that one day we’ll get a call that a distant family member, who lived a long and happy life, left us a large inheritance. What would you do if you inherited a substantial sum unexpectedly? The financial decisions that follow such an event are crucial.
Join Goldstein On Gelt host, Douglas Goldstein, CFP® and discover some considerations for managing newfound wealth in retirement, including the balance between capital growth of the inheritance and preservation, generating a steady income, and reducing risk. Learn some critical steps retirees must take to secure their financial future.
Some key takeaways:
• Assess the needs of your portfolio based on current priorities and risk tolerance.
• Understand how the new wealth can change your portfolio’s balance.
• Seek a financial advisor who tailors a plan to your needs and risk tolerance.
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