Investing inherited money can help you reach your financial goals — if you use it wisely. It’s estimated that baby boomers in Canada will inherit $1 trillion over the next 20 years. If you’re one of them, what will you do with your inheritance? Will you spend it, save it or pay off debt?
Choosing wisely starts with a solid financial plan. Yet one study found that 80 percent of boomers have not spoken with a financial adviser about what to do with their newly gained wealth. That may not always be the best choice.
These resources will help you start your planning. You’ll find links to more topics on each page you visit.