meta_pixel
Tapesearch Logo
Log in
Jill on Money with Jill Schlesinger

How to Handle Inherited Annuities

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Education, Business, Investing

4.61.9K Ratings

🗓️ 25 November 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

I recently inherited some annuities and I'm not sure if I should go back into another annuity, or cash out, pay the taxes and move on?

Have a money question? Email us, ask jill [at] jill on money dot com.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Jill on Money Show.

0:05.6

It's Friday, November 25th is Black Friday, which is such a misnomer now, because essentially

0:11.4

every sale started about, I don't know, 24 days ago.

0:14.8

I believe that the day after Halloween is the beginning of the holiday season when it

0:19.5

comes to the retail universe, and so we'll see, we'll see whether people are freaked out

0:24.2

about inflation and whether they spend as much money on the holidays, not sure.

0:29.0

I don't have an opinion about it right now.

0:31.0

I'd rather you not spend a lot of money on the holidays because I just, I'm not like

0:34.7

into the whole consumerism, and I know that every single survey of behavior finds that

0:40.6

physical objects actually have no lasting impact on people's lives.

0:44.9

But all that being said, I know people go crazy.

0:47.4

So go crazy, have fun.

0:49.0

If you've got a financial question we'd love to hear from you, you can go to our website

0:52.9

JillOnMoney.com, click the contact us button and of course, let us know if you'd be willing

0:57.6

to come on the air.

0:58.6

Today we are joined by Steve, he's on the line from Colorado, hello Steve, what brings

1:02.7

you to us today?

1:03.7

Hello to you, I'm just trying to find out we've got some annuities coming from my parents

1:09.5

of state, and we're trying to find out if we should take those annuities in a payout

1:15.6

or maybe reinvest or what our options are as far as taxes and reinvest.

1:23.3

How much money do you think is coming from these annuities?

1:25.9

Like what's the lump sum?

...

Please login to see the full transcript.

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

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

Copyright © Tapesearch 2026.