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Liz Weston: Windfall inheritance can help boost important retirement savings by boosting productivity

Liz Weston: Windfall inheritance can help boost important retirement savings by boosting productivity

Dear Liz, I'm receiving a $150,000 inheritance soon. After I pay all of my debt, I'll have approximately $70,000. I'm 51, single with no children, and my net income is about $4,400 a month. I've rarely been wise or successful with my finances. I don't own a home and drive a five-year-old automobile. Do you have any suggestions for the remaining funds?

Answer: It's never too late to get better with money. Now would be a great time to examine why you got in debt and what you need to change so that doesn't happen again.

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