Mailbag: Should I Sell The Family Farmland I Inherited? And More

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We’re diving into the listener mailbag for today’s episode! We’ve received some excellent listener questions recently, and we’re going to dive into a few of them on today’s show. Stick around, because these strategies could be useful for your life or help you avoid financial mistakes in the future.

 

We’re diving into the listener mailbag for today’s episode! We’ve received some excellent listener questions recently, and we’re going to dive into a few of them on today’s show. Stick around, because these strategies could be useful for your life or help you avoid financial mistakes in the future.

Doug asks where he should invest the money from his new raise. Gary asks about paying for his daughter’s wedding in the most tax-efficient way possible. Sherry asks if she should lease or sell the family farmland that she inherited from her uncle. Tune in and see what you can learn from these listener questions!

Here’s some of what we discuss in this episode:

  • Mailbag: I just got a raise, but now I make too much money to put into my Roth. Where should I invest my money now? [3:20]
  • Mailbag: My daughter is getting married this year and I don’t want to pay a lot of taxes by withdrawing money from our retirement accounts to pay for the wedding. Any advice? [9:34]
  • Mailbag: I inherited 100 acres of land from my uncle. I’m sentimentally attached, but should I just sell it? [16:28]

If you have any questions about what we discussed in this episode, please reach out and we’d be happy to provide answers.

 

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ABOUT YOUR HOST...

Donald W. Cash – CPA, CFP®, is an independent advisor. After graduating from Rutgers University, he began his career in 1985 as an accountant. In 1990, he entered the field of Estate Planning, concentrating on long-term care planning. Don has been advising clients in the baby boomer and retirement market for 20 years. He has helped over 1,000 families with their planning needs.

Don advocates for a holistic approach to Estate and Financial Planning and has relationships with other professionals including Attorneys, CPA’s, Mortgage Specialists, Insurance Specialists and Asset Managers.

He is married to Cathy and they have 4 children, Carly, DJ, Nick and Tori. They live in Freehold, NJ.

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WAYS TO CONTACT

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don@donaldcash.com