Accounting, Payroll & Pension Issues/What do I do with this money

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Expert: Ed McFarland - 11/19/2007


Question
I am 65, still working part time for a man who has passed on, and has left me with money. It has been almost 6 months and they are ready to disburse monies from the estate. What do I do with it?

Answer
I'm assuming that this is a distribution from the estate.

Given that you are still working, the questions I have are how much, what's your situation and from that what your options can be.

If anybody tells you to do anything else with it other than to park in money market account while you sort this out is irresponsible.

Give me some details and I can offer some suggestions.

Good luck

Accounting, Payroll & Pension Issues

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Ed McFarland

Expertise

Over 20 years of experience as a CFO, Controller and now Consultant to small businesses. Dealt with 401k, 403b, deferred comp plans, key man issues, disablity, business continuation plans, HSA plans and other benefit issues.

Experience

Management experience in Financial Services, Manufacturing, Media, Logistics. Taught graduate and undergraduate business courses.

Education/Credentials
MBA

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