How Do I Leave an Inheritance That Won't Be Taxed?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 27 October 2021

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, John Delony, and George Kamel.

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:14.2	Mark is in Los Angeles.
0:15.4	Hey, Mark, welcome to the Ramsey show.
0:17.2	Hey, Dave.
0:18.2	Thanks for taking my call.
0:19.4	Sure.
0:20.4	What's up?
0:21.4	Dave, I have a legacy journey question.
0:23.3	My wife and I are on baby steps seven, and we have a nest egg of about 4 million, 3 million
0:28.4	IRAs and 1 million in a taxable brokerage account.
0:32.8	We'll live off the interest, you know, with the goal of preserving the nest egg as an inheritance
0:37.7	for my daughters.
0:38.8	Here's my question.
0:40.4	As we manage this nest egg, I'm currently planning to deplete the money in the IRAs
0:46.3	and grow the money in the brokerage account over time with a goal of leaving the kids
0:51.2	portfolio that's 100% brokerage account and no IRA money.
0:56.4	So they're inherent and seasoned and covered with any government strings or tax bonds
1:00.5	or anything.
1:01.5	What I wondered was, is this the right strategy?
1:04.1	Yes.
1:05.1	So how you would recommend I manage it to achieve it?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.