{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Asset Management Group, Inc ","title":"You Inherited Money… Now What? 5 Things You Need to Do First","html":"","width":"100%","height":180,"duration":1969,"description":"What should you do when you suddenly inherit a significant amount of money?\nWhether it’s $150,000 or $5 million, an IRA, investment account, real estate, or part of a family business, one of the biggest mistakes you can make is feeling like you have to do something immediately.\nIn this episode of Everyday Millionaire, Mo and Andrew break down the 5 things you should consider when receiving an inheritance.\nYou’ll learn why taking a pause can be so important, how different inherited assets can create very different tax consequences, why you need to understand exactly what you inherited before moving anything, and how to build a plan that gives the money a purpose.\nAn inheritance can change your financial future, but it can also come with grief, pressure, taxes, family dynamics, and decisions you may not have been prepared to make.\nYou don’t have to make the perfect decision today. You just need to avoid making a permanent decision before you understand your options.\nIf you’ve recently received an inheritance or expect to receive one in the future, this episode is for you.\nSubscribe for more conversations about investing, retirement, taxes, wealth management, and building a financial plan that lasts.\nEducational purposes only. This content should not be considered individualized investment, tax, or legal advice. Consult the appropriate financial, tax, and legal professionals regarding your specific situation.","thumbnail_url":"https://img.transistorcdn.com/z2f5kAVm8CssE_t9IqR0kRCwW59GOtTJsEbkVHwF9a4/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9mNWE2/N2ZkZmIwM2NjN2Rj/ZGNiZmZhNmFlMWJh/NzhmYS5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}