Episode #35: How to Plan For Receiving An Inheritance In Retirement

Are you planning for retirement but in the back of your mind also banking on a big inheritance? Is it wrong to factor that in? David answers this question from the mailbag about inheritance and gives some tips on how to best prepare for one.

See the show notes and learn more about this show here. 

Take a look at the full rundown for today's episode: 

0:44 – Mailbag: Is it unwise to factor inheritance into retirement planning?

2:10 – Consider the assets in the inheritance and the related tax implications.

3:00 – One thing you need to make sure you avoid. 

4:44 – The three assets most likely to get stuck in probate.

6:12 – The cost and time of going through probate.

6:50 – Certain assets are reasonable to factor into your retirement planning.

8:20 – Family dynamics can impact communication about an inheritance.