My husband just inherited $100k and looking for the best retirement account to put it in so we aren't tempted with it - where should we stick it?
Briefly

from 24/7 Wall St.1 month ago
In the next 20 years, Americans are expected to inherit a whopping $84 trillion. If you're lucky enough to be a part of that trend, then it's important to manage your windfall carefully.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/13/my-husband-just-inherited-100k-and-looking-for-the-best-retirement-account-to-put-it-in-so-we-arent-tempted-with-it-where-should-we-stick-it/
Many Americans worry about not having enough money to retire on, so using an inheritance to save for the future is definitely a smart idea. Normally, I'd suggest turning to a tax-advantaged savings plan like an IRA or 401(k) to set money aside for retirement.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/13/my-husband-just-inherited-100k-and-looking-for-the-best-retirement-account-to-put-it-in-so-we-arent-tempted-with-it-where-should-we-stick-it/
An inheritance does not fall into the category of earned income, meaning that while you can contribute to IRAs or 401(k)s from your paycheck, you can't use an inheritance to max out these accounts.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/13/my-husband-just-inherited-100k-and-looking-for-the-best-retirement-account-to-put-it-in-so-we-arent-tempted-with-it-where-should-we-stick-it/
Think about your financial goals before committing your entire inheritance to a tax portfolio. Consider your immediate needs, like buying a house, alongside future plans for retirement.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/13/my-husband-just-inherited-100k-and-looking-for-the-best-retirement-account-to-put-it-in-so-we-arent-tempted-with-it-where-should-we-stick-it/
Read at 24/7 Wall St.
#inheritance #retirement-planning #tax-advantaged-accounts #financial-goals #investment-strategies
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