Q&A: What should I do with my inheritance?
This is a common dilemma that has no perfect answer. On the one hand, it’s crucial to make sure you have sufficient savings for retirement; on the other, the cost of servicing a mortgage is going up. Added to that, many parents want to also ensure their children have a fighting chance, for example, of buying a first home, or providing for their family in the future. This article discusses some considerations in the event of receiving an inheritance.