In this episode, I discuss some of the financial strategies you can implement into your own personal finances as the recipient of a financial windfall from a parent. More specifically, I discuss: Strategies when inheriting property from a parent Strategies when inheriting cash and investments from a parent Tax considerations and planning when inheriting various types of assets How and why these strategies may be beneficial to you How to incorporate these strategies into your own personal finances Avoiding reckless spending and burning through a potential inheritance Resources: Retired-ish Newsletter Sign-Up Begin Creating Your Own Financial Map After An Inheritance Free 4-Step Retirement Analysis for Ages 50+ Ask Cameron A Question! Get Episode Show Notes Here   The key moments in this episode are: 00:00:00 - Incorporating an Inheritance into Your Life 00:01:46 - Strategies for Inheriting Property 00:06:47 - Selling Inherited Property 00:11:31 - Managing Cash Proceeds 00:14:46 - Allocating Inherited Money  00:15:55 - Tax Planning and Roth IRAs 00:18:14 - Benefits of Funding Roth IRAs 00:20:36 - Inheriting Pretax Retirement Accounts 00:25:13 - Having a Plan for Inherited Money

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