Mike Riedmiller photo
Riedmiller Wealth Management logo
Forbes logo

Mike Riedmiller

Fiduciary Financial Advisor

Forbes Brand Voice

Best-Selling Author

 

 

Helping happy clients enjoy more fun and less stress!

 

 

Riedmiller Wealth Management

 

14301 FNB Parkway, Suite 100, Omaha, NE 68154

 

233 S. 13th Street, Suite 1100, Lincoln, NE 68508

 

Phone: 402-904-7575

 

Email: mike@riedmillerwealth.com

 

Online: RiedmillerWealth.com

November/December 2021

Preserving an Inheritance

Preserving an Inheritance

A sudden inheritance can catch you off guard. One minute your life is status quo; the next minute, you have additional assets to plan for. While it may be tempting to spend your windfall, take a step back. Reckless spending has decimated many an inheritance, so sit down with your financial professional to develop a plan for managing and preserving your wealth. Here are a few ideas to get started.


Stash the cash in a money market account or other short-term investment until you have a plan in place.


Create a saving and investment plan. If you don’t have an emergency fund with 6-to-12 months of living expenses, start there. Invest extra money in investment vehicles that reflect your time frame and risk tolerance.

Pay off personal loans and high-interest-rate credit card debt, and don’t run up new debt.

Plan a legacy that leaves wealth to your loved ones or to charity. Federal estate tax applies to estates worth more than $11.7 million ($23.4 million for married couples).* An estate planning attorney can help you navigate the options to minimize any tax bite.


Splurge a little. Setting aside some money to spend on yourself can keep you from feeling deprived.

*https://www.irs.gov/businesses/small-businesses-self-employed/estate tax#:~:text=and%20%2411%2C700%2C000%20in%202021


SUBSCRIBE

Enter your Name and Email address to get
the newsletter delivered to your inbox every month.


CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

Investment advisory services offered through the Impact Partnership Wealth, LLC ("IPW"), a Registered Investment Advisor firm. Registration is not an endorsement of the firm by securities regulators and does not mean the advisor has achieved a specific level of skill or ability.
Investing involves risk. There is always the potential of losing money when you invest in securities. Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets.
Past performance may not be indicative of future results. Impact Partnership Wealth, LLC, its affiliates, and its investment adviser representatives do not provide legal, tax or accounting advice. You should consult your legal and/or tax professionals before making any financial decisions. Please be advised that you may conduct securities transactions only be speaking directly with your Investment Advisor Representative either by phone or in person.
No information or material presented on this website is intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Impact Partnership Wealth offers a broad range of investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary which can also be accessed here on this website.
Insurance and annuities offered through Michael Riedmiller, NE license #17294119.
Please be advised that the securities advice offered, securities transactions conducted and assets under management services rendered by Impact Partnership Wealth, LLC are not:
Are Not FDIC Insured
Are Not Bank Guaranteed
May Lose Value
Are Not Deposits
Are Not Insured by Any Federal Government Agency
Are Not a Condition to Any Banking Service or Activity

Form CRS - https://impactpartnershipwealth.com/wp-content/uploads/2021/06/Impact-Form-CRS.pdf
Privacy Notice - https://impactpartnershipwealth.com/wp-content/uploads/2021/06/IPW-Privacy-Policy.pdf
Form 2A - https://impactpartnershipwealth.com/wp-content/uploads/2021/07/ADV-Part-2A.pdf

The Road To Success book, Amazon 2016 best-seller list. Performance 360 book, Amazon 2018 best-seller list. National Academy of Best-Selling Authors (NABSA) is a membership organization owned by Dicks + Nanton Celebrity Branding Agency. Qualifying criteria for membership includes an application process and proof of appearance on one Best-Seller category on Barnes&Noble.com or Amazon.com. NABSA membership requirements include the payment of annual dues. NABSA logos and/or trademarks are property of their respective owners and no endorsement of Mike Riedmiller or Riedmiller Wealth Management is stated or implied. The Quilly Award and attendance of the ThoughtLeader Summit and Golden Gala awards are additional options within NABSA membership. Requirements for receiving a Quilly Award and attending the ThoughtLeader Summit and Golden Gala awards include the payment of additional dues. For the detailed requirements of NABSA, please visit: http://www.bestsellersacademy.org/about-the-national-academy-of-best-selling-authors

Riedmiller Wealth Management and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.