I just inherited around $500,000 in mutual funds. What should I do with them — withdraw the cash or keep it invested?

Core Insights - The Great Wealth Transfer is underway, with baby boomers expected to pass on a total of $105 trillion to their heirs by 2048, significantly increasing the wealth of Millennials and Gen Z [1] Inheritance and Financial Decisions - An individual named Ryan is currently navigating the complexities of inheriting a mutual fund portfolio valued at approximately $500,000 following his mother's passing [2] - The emotional burden of grief can complicate the decision-making process regarding inherited wealth, highlighting the importance of taking time and seeking expert advice [3] - The step-up in basis provision applies to Ryan's inherited investments, meaning capital gains taxes will be calculated based on the value at the time of inheritance rather than the original purchase price [4][5] Personal Financial Considerations - The decision to sell or retain inherited investments is highly personal and contingent on individual circumstances, such as existing debt or financial goals [6] - Ryan is considering selling some investments to pay off student loan debt and to save for a down payment on a home, indicating a strategic approach to managing his inheritance [6]