Inherited $50K? Experts Reveal Smart Strategies to Maximize Your Windfall

Key Takeaways Experts often recommend waiting at least 30 days after an inheritance before making major financial decisions. Advisors generally suggest paying off high-interest debt, building an emergency fund, and then investing for long-term goals. With a clear plan, inherited money can be saved in ways that outearn inflation and move you closer to goals like a home or retirement. An inheritance of $50,000 can be a powerful stepping stone toward long-term financial security. With thoughtful plan ...