1782: Ask Farnoosh: Midlife Investing Goals, Inheritance Strategies, and More

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 31 January 2025

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this Ask Farnoosh episode, Farnoosh tackles your most pressing money questions, including strategies for managing investments in midlife. Also: How to decide what to do with an inherited investment—evaluate options, minimize taxes, and make the most of the windfall. Plus, we explore other listener questions on building financial security for the long haul.

In the show:

Best 0% APR credit cards

Farnoosh's Bloomberg News segment

Real estate crowdfunding

Check out Farnoosh's new hyperlocal podcast The Montclair Pod

Join the So Money Members Club.

Download Farnoosh’s free investing blueprint.

Hang out with Farnoosh on Instagram.

Transcript

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0:00.0	So Money episode 1782, Ask Farnush.
0:04.4	You're listening to So Money with award-winning money guru Farnoosh Karabi.
0:09.2	Each day, get a 30-minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnoose yourself.
0:18.7	Looking for ways to save on gas or double your double coupons?
0:22.3	Sorry.
0:23.2	You're in the wrong place.
0:24.6	Seeking profound ways to live a richer, happier life.
0:27.9	Welcome to So Money.
0:30.8	Welcome to So Money, everybody.
0:32.5	I'm Farnoose Terabi.
0:33.8	It's Ask Farnoge Friday.
0:35.7	And we have questions today about how to start investing
0:38.6	in midlife when you've never, ever invested before. Is it too late? Where do you start? What to do
0:45.9	with an inherited investment? A listener in the audience has inherited about $20,000 worth of
0:52.2	reits, real estate investment trusts from a late parent. Should she sell it?
0:57.3	Should she keep it? I have some thoughts. And what do you do if you don't feel like you can ever buy
1:02.7	real estate? Because, well, have you looked at any listings on Zillow? First of all, there's like
1:08.4	six listings on Zillow right now. I think one in my town.
1:12.1	And the bidding wars are still ongoing. Interest rates are not attractive. So if you don't see
1:17.4	homeownership as a wealth building tool, what's the next best thing? I've got advice there as well.
1:23.2	The big news this week, the big nerdy economic news this week was was that the Federal Reserve met and after three consecutive rate cuts towards the end of 2024, the Federal Reserve decided
1:34.2	to take a pause on reducing interest rates. And until inflation signals much improvement,
	...

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