I received a gift or inheritance, what should I do with it?

About this episode

Matt discusses options for managing a gift or inheritance, including investing, paying off debt, or spending.

On today's episode of Great Points, Matt runs through a scenario where a younger person receives a gift or an inheritance. As with any chunk of money, there are a variety of options what you might do with it. What would a $19k gift be worth in 40 years if I invest it? What if I pay off student loan or other debt? What if I spend it? There may not be one right answer, but thinking through the different scenarios can help you make the right choice for you.

People in this episode

Host: Matt Schroeder

Topics covered

• inheritance
• financial planning
• investing
• debt management
• money management

Keywords

• gift
• inheritance
• investment
• student loan
• financial choices
• money options

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