The young and rich: 'Give away our wealth'
Kai Ryssdal Mar 28, 2013
It may sound crazy, but a group of wealthy young people is giving their inheritance money away.
Spending your windfall: What to do with found money
Adriene Hill Apr 20, 2012
Deciding how to spend inheritance or a sudden windfall isn't as easy as it may seem. CBS MoneyWatch's Jill Schlesinger helps a listener make some important decisions.
A home and a margin of safety
Chris Farrell Apr 16, 2012
My boyfriend and I both currently work full-time and are in school. He's working toward an associate degree and I'm working on a master's. When we both finish, in the spring of 2014, we'll be qualified for much better-paying jobs. We're also planning on getting married between now and then and starting a family once one or both of us has found new employment. We weren't planning to buy a home any time soon, but I recently inherited $40,000. My question is, how do you know that you're ready to take the plunge? Leah, Ypsilanti, MI
Preserving the value of an inheritance
Chris Farrell Mar 23, 2012
What would you do if you came into a family inheritance after years of accruing debt and working minimum-wage Jobs?
An inheritance and plenty of uncertainty
Chris Farrell Feb 27, 2012
I will receive $25,000 in the next couple weeks from the sale of my mom's house. She died suddenly of a brain aneurysm last spring, at age 58. I am asking for advice on how to invest this small windfall. (I also received another $10,000 from her life insurance last year and used that to pay down a personal bank loan of $6k and credit card debt.)
Here are my stats: I'm 36 and went back to college in 2010 to finish my first degree (I had worked in insurance and kept hitting income/advancement ceilings due to not having a degree.) As of May, I will graduate with $45,000 of loans. I have $7,000 in credit card debt and own a house with a $130,000 left on the mortgage. I do have $10,000 in a 401k at a previous employer and I also inherited her 2009 car, so I have no car payment.
I realize paying down debt is the fastest return on the money, but I feel like I don't want to just sink this money entirely into student loans, which have a low interest rate. My plan is to pay off the credit card debt and create a small emergency fund. This will leave around $15,000. Would it work to place some of it in longer term investments or just completely add the money to my debt?
To add complication to the situation. I am studying graphic design and the firms I am in touch with all say they have increased hiring and the future looks good for this career. However, there is the option that I may want to free-lance or split off on my own in two to four years and could use a cushion to help as a startup. Thank you for any advice or information. Jamie, Eden Prairie, MN
Introducing the Wealth & Poverty beat
Mitchell Hartman Feb 24, 2012
Reporter Mitchell Hartman discusses the need for Marketplace's new Wealth & Poverty desk.
How to plan for passing away
David Lazarus Jan 18, 2012
It isn't always an easy subject, but what are the best ways to plan ahead for your funeral, and the money you leave behind?
We got an inheritance. Now what?
Chris Farrell Dec 14, 2011
My husband and I recently inherited over $150,000, which is more than enough money to pay off our mortgage OR invest for our retirement. My husband wants to pay off the mortgage, leaving us with very little to invest. I prefer to put the bulk of the money "to work" via a nationally known and reputable financial services group, using a conservative and long-term approach. What do you suggest? Susan, Brookville, IN
The principle of "Pop"
Chris Farrell Dec 2, 2011
How do we deal with an inheritance in an intelligent and fiscally sound manner? Thank you! Steve, Drexel Hill, PA
What now?
Chris Farrell Oct 25, 2011
Question: I own shares in a family business and my shares are being purchased. I will be paid approximately $150,000 over the next ten years in...
