AdvertisementThis as-told-to essay is based on a conversation with Gina Knox, a 30-year-old financial coach who has twice inherited money.
When I was 22, I inherited money for the first time.
I've also helped clients over the years who have inherited money or had a trust fund they were finally getting access to.
When I withdraw the money, I'll pay long-term capital-gains tax on any gains the sum has made in the stock market.
When people find out I inherited money, they always want to know what big or flashy purchases I've bought so far.
Persons:
Gina Knox, —, I'd, we'd, I've
Organizations:
Service, Google
Locations:
South America