Melon wrote: ↑Fri Sep 01, 2017 4:41 pm
Ok, it's been a few months now, and things have calmed down for me emotionally, and it's time to get down to business.
Since this is kind of serving as the general "Financial Advice" thread, in addition to investment discussions, I figured this would be a good place to post this.
My mother left my brother and I a sizable inheritance.
Primarily in a Merill Lynch IRRA and CMA
In addition to this, are a sum of assets, such as her house, two bank accounts, and a collection of antiques.
Brent (my bother) and I are going to keep all the antiques, and sell off what furniture we don't want. We plan to empty the house and sell it later this year, it's paid for, so will be a nice bit of cash for the both of us.
I've made an initial visit with the lawyer, who is working with Brent and I on estate succession.
I've met with my mother's financial adviser, who is trust worthy, he's handled my grand parent's accounts on my mother's and father's side, handled my mother's accounts for years, and his wife worked in the cancer detection lab with my mom for about fifteen years. Point is, I like the guy, and wouldn't mind continuing my business with him in the foreseeable future.
As I move forward, I'm doing my best to educate myself on the language of law and finance, as well as familiarize myself with the laws (and taxes) I'll now be subject to.
So, Fellow DFD-ers:
Has anyone had experience with Merill Lynch? Good or Bad.
Also,for those more savvy and experienced than myself, what would you do if you were me? And pointers, things to look out for, hurdles to avoid?
Lastly, I was really hesitant to post about this, because I didn't want to come off as a braggart.
It's not so much money I can quit my job and travel the world, nothing like that, just a little nest egg that I'd like to continue to grow until I retire.
. Bonus: investment options seem decent and I don't mind lessening my tax burden.
life with no deductions is hard bruh.
can accept payment from them so all aboard the savings train.
comes.
over the past few years, it seems likely to be the way to go for awhile. I haven't even looked into the investment options for the HSA yet, it works out as a net positive for us to use it even assuming it's a zero return (but tax free) savings account.
are you even talking about