Why Inheriting Money Won't Solve Your Problems

PLUS: No Need to Panic about Social Security!

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BUILDING WEALTH Why Inheriting Money May Not Solve Your Problems Without a financial plan in place, even millions of dollars can be wasted. Here are some ways to make certain that doesn’t happen, according to Patricia Sklar and Josh Monroe of Brightworth. Plus: 5 of the Worst Assets to Inherit READ MORE No Need to Panic: Social Security Is NOT Running Out Yes, Social Security is undergoing some changes, including a possible reduction in benefits in the not-too-distant future – but the checks won’t stop coming. Andrew Rosen of Diversified explains why the program is changing and what to expect. Plus: 3 Reasons to Wait Until 70 to Start Taking Your Social Security Benefits READ MORE SPONSORED CONTENT FROM SMARTASSET These Are the Top Financial Advisors in the US Hiring the wrong financial advisor can wreak havoc on your retirement and cost a big chunk of your savings. This new tool can help. READ MORE Parenting Lessons I’m Learning as My Son Learns about Money What makes a kid spoiled? How should allowances be handled? What is “good” debt? These are all issues that can be a ball to explore together, as family law specialist Tonya Graser Smith of GraserSmith PLLC discovered. Plus: Your Daughter Will Thank You for Teaching Her These 5 Financial Lessons READ MORE Year-End Tax Planning Comes with a Twist in 2021 Some of the most common strategies people use to hold their taxes down are being turned on their ears this year, thanks to possible changes in tax laws on the horizon. Alvina Lo of Wilmington Trust has some suggestions. Plus: Tax Planning Opportunities You Might Not Be Aware Of READ MORE Qualified Opportunity Zone Investing 101 This type of real estate investing offers significant tax breaks on capital gains for the right investors. Could that be you? Check out this case study by Daniel Goodwin of Provident Wealth Advisors to see how it works. Plus: How 2 Physicians Built Retirement Wealth in Real Estate Through a 1031 Exchange READ MORE SPONSORED CONTENT FROM MAINVEST Invest in the Future of SMBs While Generating Passive Income With Mainvest, investors can earn passive income while helping entrepreneurs grow their businesses. We’re revolutionizing the way people think about investing. Start growing your passive income stream with low minimums and straightforward terms. READ MORE   ALSO ON KIPLINGER   When Mother Nature Hands You a Catastrophic Insurance Claim   Can a Divorced Couple Keep a Business Afloat?   Sign Up Free for Kiplinger's Retirement E-Newsletter to Plan for and Make the Most of a Richly Rewarding Retirement     Send this to a friend. Click here. All content ©2021 The Kiplinger Washington Editors 1100 13th Street, NW, Suite 1000 Washington, D.C. 20005 Thank you for subscribing to Building Wealth, a free weekly e-newsletter where financial pros across the country share best practices and fresh tactics to preserve and grow your wealth. If you ever wish to stop receiving this service, please click here to unsubscribe.