I'm asking regarding a family trust that will be divided among family members when my uncle dies.
I am 62, a male and on SSD income, living in a low income residence. What will $30,000 do to me when I do receive it? Will my living rental cost increase? Is a Roth IRA the best to invest in? Can you give me ideas on what to do when my oldest uncle dies and I get the distributed trust dollars.
Good morning. Thank you for the initial information but my answer depends on your specific circumstances, Additional information will allow for a financial snapshot a better idea of the ripples to manage. As for the Roth IRA, the answer is 'it depends' because we would want to know what it is you are trying to accomplish. Please feel free to contact me so that we can discuss this in depth. | 04.16.15 @ 14:04