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According to the most recentFederal Reservedata, the averageinheritanceis around $46,000 not an inconsequential sum.
However, not everyone can afford to leave a financial legacy that large.
Hereswhat they did with the funds.
Despite the gift not being a life-changing sum, Traxler explained that it still meant a lot.
It reinforced the thought that she loved me as much as I love her.
The amount of money was totally inconsistent compared to the love I felt from the gesture, she said.
Traxler chose to use the money in a way that would constantly remind her of her loved one.
I decided to use it to fund a home improvement project that I had wanted to do.
They took the time to formally document their wish to help you in whatever way they could.
Collin Plume, CEO ofNoble Gold Investments, suggested that heirs invest their financial gifts.
If youre far from retirement, you may want to buy high-growth assets like stocks or cryptocurrency.
In either case, your inheritance could grow significantly over time.
[Another] option is to use it to start something.
Your efforts could lead to a healthy and lasting income stream.
Therefore, its smart to get your affairs in order now.
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