1. There's a company that turns dead bodies into an ocean reef.
2. Inherited IRA.
Start by meeting with a financial firm/advisor and update them on your goals and ask about fees. If the relationship can change to your goals, then continue. If not, transfer as an INHERITED IRA to a new firm of your choice. Consider low-cost index fund firms such as Vanguard and Fidelity.
You will have to take out a certain percentage of the money out as an RMD (required minimum distribution) for the next ten years or the rules of how your parents too out.
3. Close to Retirement?
We answered the portfolio question of a 76-year-old man and suggested:
It’s hard to sell now unless you need the money. Try not to sell now while the market is low if you can wait just a little bit and wait for the market to come back up. Ideally, shift some of the money in bonds and fixed income, given your age - Keep 20% ideally in stocks given your age. If you are feeling super anxious, and who isn’t - make a small move now to maintain your balance.
Consider target allocation funds from Vanguard, as well, that are 60% bonds/40% stocks.
4. How to Deal with Rising Gas and Grocery Prices.
Start with the numbers. To curb your worry, figure out exactly how much more you are spending due to inflation. Is that $300 is it $500? If you can, try to find that money elsewhere.
Look at your insurance - can you get a lower rate (I just did!),
Get rid of streaming channels you aren’t using.
Shop at a different grocery store (I use Instacart for Costco) or even think about getting a cheaper car or sharing a car.
You can still budget for the things you love such as eating out, and vacations.