On this episode of A Wiser Retirement™ Podcast, Casey Smith, Missie Beach, CFP®, CDFA®, and Michaela Laney dive into the complex world of estate tax rates, annuities, and IRAs. We shed light on strategies like Roth conversions to minimize tax burdens and the importance of legacy planning to ensure your kids benefit from your inheritance.

But it's not just about the numbers; we also tackle the psychological and practical aspects of managing inherited wealth. Discover the value of diversifying assets, the potential risks of real estate investments, and how a "legacy letter" can express your values and intentions for your inheritance. With the advice of our experts, you'll learn to create a plan to handle your inheritance wisely, avoid squandering the money, and secure a lasting legacy for future generations.

Podcast Episodes Referenced:
- Ep 127: The Cost of Inheriting Wealth, Estate Tax and Opportunities to Avoid It
- Ep 117: What is Generational Wealth & How Do You Preserve It?

Youtube Videos Referenced:
- Does an inheritance count as income?

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This podcast was produced by Wiser Wealth Management. Thanks for listening!