Receiving an inheritance

When you're ready to invest or spend your inheritance, you should think about your short-term and long-term goals. For example, you may want to 保存 for buying a house, fund a child's 大学教育, or 保存 for a longer-term goal such as 退休. By determining what your financial goals/priorities are, you can then take the best course of action. Keep in mind that t在这里 may be tax implications from receiving an inheritance.

You may want to use your inheritance to pay off or reduce outstanding debts such as credit cards, 学生贷款(s), 汽车付款(年代), 等.

One way to make the most of your inheritance is to set aside a portion of the money in an emergency savings account. Saving money separate from regular savings or checking accounts may help you cover any unforeseen expenses without setting you back financially. 另外, you may wish to use your inheritance to protect yourself and your family with various forms of insurance coverage such as health, 生活, homeowners/renters, 和/或汽车.

Some long-term goals, like 退休, may require a significant amount of money. Ensuring that you have the financial security for a comfortable 退休 requires smart planning and a disciplined approach to saving and investing. State Farm® has a number of 帐户选项 that may be right for you.