Quote:
Originally Posted by forgop
If you're talking about my grandmother's estate, that's not my issue. The will stated for my aunt to pay inheritance taxes due out of money she left to my aunt(who was also her POA and is the executor of the estate).
The only taxes due from the sale/inheritance from my brother and I directly will be related to capital gains above the appraised value when my dad passed in 2008.
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be careful about that. I was in a similar situation and hit with a bill of around 30% in estate tax. You need to listen to Aston lady and talk to an accountant before even thinking about investing.
When you are ready to invest, whatever you can put away for at least 5 years and not need or be tempted to touch will do nicely in a growth fund.
Through all the economic hell we have been through, I have not stopped investing in my retirement.
Making yourself debt free, taking advantage of an awesome real estate market, etc can be assisted by a trustworthy CFP and I would be happy to share mine with you if you like.
He told me that a recession is a terrible thing to waste.
