What is the Best Thing to Do With an Inherited Annuity
I am by no means a financial wizard. So, I was taken aback several years ago when a friend asked for some serious financial advice. He had recently received an inheritance and was looking for suggestions on what he should do with the money. I immediately rattled off the obvious. Pay off your debt, build an emergency fund, or save the money for a down payment — in particular a car that he had been eying up. I even suggested that he take a small percentage of the inheritance and go on a weekend getaway. I also stressed the importance of putting some of this money towards his retirement savings. ...