Inheriting assets can be a life-changing financial boost, but it often comes with a maze of tax implications and decisions. In this episode, we will answer a question about an inheritance and lay out the tax considerations for a variety of assets to help you better understand what you might owe.

Discover how to navigate the tax implications of IRAs, annuities, bank accounts, real estate, and stocks to make the most of your inheritance. Even with this information, you still want to plan ahead as much as possible. If you know an inheritance is coming, or if you've just received one, it's crucial to sit down with a financial advisor to put a comprehensive plan in place. This will help you make the most of your inheritance, ensuring that you are as tax-efficient as possible.

Here’s what we discuss in this episode:

0:00 – Intro

1:06 – Today’s question

2:17 – IRA

4:41 – Annuities

5:45 – Bank account

6:50 – Home and stock

Connect with us:

Web: https://rosewoodwealthmanagement.com/

Phone: 919-391-3446

Retirement planning doesn’t have to be overwhelmingly complicated. It certainly doesn’t have to be as complicated as some people make it.

In this episode, we unravel the unnecessary complexities often woven into the fabric of retirement advice. We’ll debunk some myths, simplify strategies, and uncover the beauty of simplicity and straightforward retirement planning. If you’re looking for more simplicity within your financial plan, we’ll even provide a few steps you can take today to move in that direction.

Here’s what we discuss in this episode:

0:00 – Intro

1:13 – The cause for complexity

5:09 – Steps to simplify things

8:33 – Simplifying investments

Connect with us:

Web: https://rosewoodwealthmanagement.com/

Phone: 919-391-3446

What should you do with an old 401k that you’re still holding onto from an previous employer? Does that answer change when the market is performing well and your account is generating strong returns?

Let’s take a closer look at the rollover IRA and whether it’s something that you should be doing with your old 401k accounts. The primary reason someone uses a rollover is to gain more flexibility and control over that money so let’s talk about how the current investing environment impacts that decision. We’ll share our approach with clients when we’re helping them manage their portfolio and help you get a better idea of whether a rollover is a strategy you should utilize.

Here’s what we discuss in this episode:

0:00 – Intro and today’s question

1:12 – The reason to rollover your money

4:18 – The investment options

5:44 – Tax considerations

7:40 – Can you do this on your own?

Connect with us:

Web: https://rosewoodwealthmanagement.com/

Phone: 919-391-3446