RoadRunner7
Dryer sheet wannabe
- Joined
- Feb 19, 2018
- Messages
- 16
Hi Everyone,
Brand new here and have lots of questions, but first question #1.
We learned we are getting an inheritance. We feel very blessed.
We talked to the Lawyer in charge of the estate and he told me to get a Financial Advisor. He said no rush as it will take about a year to get everything settled.
The amount will be considerable. Not sure of the exact amount as there will be estate expenses, taxes etc., but then add in my 401K and IRA we will be in a position to retire sooner than later.
I’m trying to decide if I should use a local Financial Advisor or use say Vanguard as my main investment vehicle and use a Vanguard Advisor to help with investments. I do like the Index fund, Bond fund 60/40 or 50/50 split as a good basis near and at retirement. I don’t want to get overly complicated with my investment portfolio.
When we receive the inheritance, I will be 62 and my wife will be 60 so we are right around the corner to retirement. But I will save that conversation for another Topic after everything has settled down a bit with our emotions and thought processes. (I like taking things one step at a time)
Any advice would be greatly appreciated.
Thanks!
Brand new here and have lots of questions, but first question #1.
We learned we are getting an inheritance. We feel very blessed.
We talked to the Lawyer in charge of the estate and he told me to get a Financial Advisor. He said no rush as it will take about a year to get everything settled.
The amount will be considerable. Not sure of the exact amount as there will be estate expenses, taxes etc., but then add in my 401K and IRA we will be in a position to retire sooner than later.
I’m trying to decide if I should use a local Financial Advisor or use say Vanguard as my main investment vehicle and use a Vanguard Advisor to help with investments. I do like the Index fund, Bond fund 60/40 or 50/50 split as a good basis near and at retirement. I don’t want to get overly complicated with my investment portfolio.
When we receive the inheritance, I will be 62 and my wife will be 60 so we are right around the corner to retirement. But I will save that conversation for another Topic after everything has settled down a bit with our emotions and thought processes. (I like taking things one step at a time)
Any advice would be greatly appreciated.
Thanks!