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What Are The Best (and Worst) Assets to Inherit?- Episode 151

If you’ve been a diligent saver, chances are good that you have a variety of assets in your name: cash, CDs, bonds, stocks, funds, retirement accounts, insurance products, a home, etc. At some point, though, you’ll no longer be around and those assets will wind up going to your designated heirs.

And while everyone likes to receive money in any way they can, it would certainly be a lot better if they did so under the most favorable conditions possible, from both an income tax and an ease-of-transfer standpoint. So this creates the question: if you’re going to leave money to someone after you die, how do you set up your portfolio to make it easy and cost-effective?  In other words, which assets are the best – and worst – to inherit?

It all comes down to planning and strategy.  Learn all about it from podcast host Johnny Dean and Rick “The Professor” Plum, CFP® on this week’s episode of Managing Your Financial Future!

Important Information:

You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal.

This material should not be considered a solicitation of an offer to sell/buy any specific security or offering. Investors should consult a financial professional to determine whether risks associated with an investment in the shares are compatible with their investment objectives.

It is important to keep in mind that investments in fixed income products are subject to liquidity risk, interest rate risk, financial risk, inflation risk and special tax liabilities.

CDs are FDIC insured up to $250,000 per depositor, per insured bank, for each account ownership category.

Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.

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