Why Inheriting Money Won't Solve Your Problems

PLUS: No Need to Panic about Social Security!
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Kiplinger Special Report
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

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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

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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

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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

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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

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SPONSORED CONTENT FROM MAINVEST
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