We’re Inheriting $1.3M—What Should We Liquidate First?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 7 November 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

💵 Sign up for EveryDollar today - Create a free Budget!⁠⁠⁠⁠ 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, and are disciplined and responsible! Next Steps: 💰Need help with your investments? Connect with a SmartVestor Pro: ⁠⁠⁠⁠(⁠⁠⁠⁠⁠⁠⁠⁠SmartVestor Investing Professionals⁠⁠⁠⁠ ) #PaidEndorsement 📝Get your free copy of Ramsey’s Complete Guide to Investing: (⁠⁠⁠⁠Ramsey's Complete Guide to Investing⁠⁠⁠⁠) 🏦Take a retirement assessment to find out how much you’ll need to retire: (⁠⁠⁠⁠Retire Inspired with the R:IQ Retirement Assessment⁠⁠⁠⁠) 📈See how much your investments could be worth over time with this handy calculator: (⁠⁠⁠⁠Investment Calculator⁠⁠⁠⁠) 🧑‍💻Explore free investing tools, articles and more on the Ramsey Investing Hub: (⁠⁠⁠⁠Ramsey Investing Tools and Resources⁠⁠⁠⁠) Listen to more from Ramsey Network ⁠⁠⁠⁠🎙️⁠⁠⁠⁠⁠⁠⁠⁠ The Ramsey Show⁠⁠⁠⁠ 🧠⁠⁠⁠⁠ The Dr. John Delony Show⁠⁠⁠⁠⁠⁠⁠⁠ 🍸⁠⁠⁠⁠⁠⁠⁠⁠ Smart Money Happy Hour⁠⁠⁠⁠⁠⁠⁠⁠ 💡⁠⁠⁠⁠⁠⁠⁠⁠ The Rachel Cruze Show⁠⁠⁠⁠⁠⁠⁠⁠ 💰 ⁠⁠⁠⁠⁠⁠⁠⁠George Kamel⁠⁠⁠⁠⁠⁠⁠⁠ 🪑 ⁠⁠⁠⁠⁠⁠⁠⁠Front Row Seat with Ken Coleman ⁠⁠⁠⁠⁠⁠⁠⁠📈⁠⁠⁠⁠⁠⁠⁠⁠ EntreLeadership⁠⁠⁠⁠⁠⁠⁠⁠ 💸⁠⁠⁠⁠⁠⁠⁠⁠ The Ramsey Show Highlights⁠⁠⁠⁠ ⁠⁠⁠⁠Learn more about your ad choices.⁠⁠⁠⁠ ⁠ Ramsey Solutions Privacy Policy⁠⁠⁠⁠

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is brought to you by SmartVestor. Connect with an investing pro near you at Ramsey
0:10.1	Solutions.com slash SmartVester. Justin is in Shattanooga. Hi, Justin. How are you? I'm doing well.
0:17.8	Thank you all so much for taking my call. Sure. What's up? So I'm going to throw some numbers at you.
0:22.7	My wife and I currently have total investments of approximately $875,000 in retirement accounts.
0:30.3	We owe $390 on a mortgage at 5.875 percent.
0:36.5	Home estimate conservatively probably probably 600,000.
0:41.9	We are inheriting a windfall from an unexpected death in the family.
0:49.7	And I'm going to break that down for you because that's from the bulk of my question comes in.
0:54.3	We are getting approximately 700,000 in a traditional IRA, approximately 300,000 in a Roth IRA,
1:03.8	approximately 100,000 in a brokerage account, 12,000 in an HSA, and 150,000 that's in an annuity with two payout choices, one either lump sum,
1:15.6	which is where I'm leaning towards versus leave it in the annuity for 10 years, let it grow,
1:20.4	and then there's a payout at the end of 10 years.
1:23.3	Okay.
1:24.2	So who passed away?
1:26.5	I'm sorry, it was an uncle that was very much in excellent health, and it was a very big surprise.
1:33.7	Wow.
1:34.9	Yes.
1:35.7	I'm sorry to hear that.
1:37.5	But we found him.
1:38.6	You're the guy that had the rich uncle.
1:39.9	Who knew?
1:40.4	Yeah.
	...

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.