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‘I don’t know anything about investing’: I’m inheriting a $150,000 IRA. What should I do with this money?

8d ago
Business
MarketWatch
Business meeting
An individual inheriting a $150,000 IRA seeks guidance on managing the funds. Given a 10-year timeframe for complete withdrawal, the primary decision involves balancing investment growth with required distributions. Options range from conservative, low-yield investments to more aggressive strategies with higher potential returns but increased risk. Financial advisors recommend assessing risk tolerance, considering tax implications, and diversifying investments across various asset classes to optimize returns while meeting withdrawal obligations within the designated period.
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