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The Ramsey Show Highlights

I'm Inheriting $2.5 Million in Stock

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 25 December 2020

⏱️ 8 minutes

🧾️ Download transcript

Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Chris Hogan, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's Friday, and this is the Ramsey Call of the Day, part of the Ramsey Network.

0:06.0

Joining me today is Ramsey Personality, Anthony O'Neill.

0:10.0

Patrick is with us in Dallas.

0:12.0

Hey Patrick, welcome to the Dave Ramsey Show.

0:14.0

Thanks for having me, Dave.

0:16.0

Sure. How can we help?

0:18.0

I have inherited about two and a half million in stock after my father passed away

0:24.8

earlier this year. Wow. I'm sorry. I've, thank you. It was a big shock, but we've, I've gotten

0:35.7

with a financial planner and stuff like that and basically, I guess, to align it with

0:41.6

their investment objectives, we're looking at, because it was stock that was from my mother

0:46.3

that was in the trust, it was to him and stuff like that, that there's some capital gains.

0:50.8

But it's like 200,000 worth of capital gains if I'm, you know, to go with

0:55.3

these guys I've been talking with. But if I, you know, I keep it at the bank that it's been

0:59.1

invested with, I guess, you know, nothing's been pulled out. So I don't have any taxes to pay on it.

1:05.2

But I'm just kind of torn of like, should I keep it where it is? Should I, you know, put it somewhere else with another investor?

1:13.0

You know, somebody watching money a little better or something like that.

1:16.0

It's just a big number and, you know, I've been thrown in the deep end on this.

1:19.7

Yeah, you sure have.

1:20.6

How old are you?

1:22.1

I'm 32.

1:23.4

What's your household income?

1:26.1

150.

...

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