Welcome to a new week here on the Retirement Quick Tips podcast! 

I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $340 million in client assets. I’m a Chartered Retirement Planning Counselor, and I started this podcast because I love helping people just like you gain clarity and make a plan for the retirement you envision. 

The theme this week on the podcast is: What To Do With A $300,000 Inheritance

According to Federal Reserve data, the average inheritance is around $295,000, and because most parents pass away sometime in 80s and very often end up passing wealth to their children who are in their late 50s or early 60s, it’s a relevant topic for many of you listening who may have recently received or are likely to receive an inheritance sometime in the next few years. 

The goal here, especially if you receive a meaningful inheritance that will make a difference for you financially and change how you live your retirement, is to make smart decisions and avoid big mistakes.

After all, 70% of those who receive an inheritance burn through it within 3 years. No no no! We can’t have that! 

So this week, I’ll talk about how to make smart decisions with your inheritance and use your inheritance funds wisely so that it can last for years to come. 

That’s it for today. Thanks for listening! Come on back tomorrow...

My name is Ashley Micciche...and this is the Retirement Quick Tips podcast.

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance