Mailbag: My friends are about to inherit money, how do I talk to them about using it wisely?

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 16 August 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this Mailbag, Jean talks to Allie, who is looking for advice on how to help her friends who are about to inherit a significant amount of money. She wants them to make smart financial decisions and overcome their struggles managing money in the past. Have a personal finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at [email protected]. For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact [email protected] if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an airwave media podcast.
0:06.0	Her money is proudly sponsored by Edelman Financial Engines.
0:09.0	Health care costs are on the rise and taking care of our health is one of the most important
0:14.8	moves we can make for our lives and for our finances.
0:19.0	Make a plan for managing your health care costs with the help of a complimentary wealth checkup at plan E.F.com slash
0:26.3	Her Money.
0:30.3	Hey everyone, I'm Jean Chatsky. Thanks so much for joining me today on her money
0:35.1	where we talk about personal finance and how money touches everything in our
0:39.4	lives. Today we've got a call-in mailbag with Ali from Portland, Oregon. I'm
0:45.0	chatting with her about how to help her friends in their early 50s who are
0:49.7	about to inherit a significant amount of money.
0:53.6	Allie wants to make sure they're setting themselves up for success
0:56.9	before they receive the money since, well, they've had issues
1:00.9	managing their money in the past, but she's not sure how to broach the topic or have productive conversations with them.
1:09.5	I love talking to her about this because it can be so tricky and yet so necessary to try to
1:16.5	have these conversations with the people that we love. Before we get into it,
1:20.3	we're going to take a quick break.
1:28.9	Her money is proudly sponsored by Edelman Financial Engents. Health care costs are on the rise,
1:30.7	but we know that taking care of our health is one of the most important moves. the right savings and investing strategies, you can get out ahead of unexpected health care costs and develop a plan that can work for you and your family no matter what life throws at you.
1:51.0	Schedule your complimentary wealth checkup to meet with an advisor at plan E.F.com slash Her
1:57.9	money.
2:01.6	And we're back with my conversation with Ali.
	...

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