(no subject)
Feb. 28th, 2013 03:26 pmSo, my grandmother's estate is finally starting to clear, and that means inheritances are slowly cropping up.
I'm not sure why this happened, because I filled out the same paperwork my parents did for my siblings. All the grandkids had a share in an annuity Mama Tickey set up, and everyone else got a check for that share two weeks ago. It's not a fortune, but it's certainly a nice bonus.
I, somehow, did not get a check. Instead, the investment company set me up with my own account and investments. My share of the annuity is now an annuity of its own, based on Mama Tickey's investment picks. Potentially this has something to do with my status as eldest of the grandchildren, or my status as awesomest of the grandchildren, I don't know. The only thing I have really learned about the whole situation is that Mama Tickey really liked equity securities. Or, as google informs me they are also called, stocks.
This was all unexpected, but may not actually be a bad thing. There's a reasonable chance these investments make more money, in general, than a savings account would, and I still have access to the money if I need it. It's taking a little work to get my head around what I'm invested in and its level of viability, but I've been tinkering with my retirement fund for a few years now and I at least understand the fundamentals. I know how to read a prospectus and I'm actually a fairly good judge of the quality of a given fund.
I do need to do some googling once I'm done gauging everything, because I have to make sure that I'm not investing in anything especially immoral. I'm trying to keep away from supporting the deforestation of large swathes of the planet or the murder of children, that kind of thing. I don't know, are Junk Bonds a bad thing? Because right now they seem to be making a lot of money, and I'm suspicious of anything that makes money in this economy.
Then I have to call the investment company and tell them their forms are vague and they need to explain, on page three, whether they want my address, my bank branch's address, or the bank's corporate headquarters address.
And what to do if my voided check has an inaccurate address on it, because I only look like a grownup who has his shit together.
I'm not sure why this happened, because I filled out the same paperwork my parents did for my siblings. All the grandkids had a share in an annuity Mama Tickey set up, and everyone else got a check for that share two weeks ago. It's not a fortune, but it's certainly a nice bonus.
I, somehow, did not get a check. Instead, the investment company set me up with my own account and investments. My share of the annuity is now an annuity of its own, based on Mama Tickey's investment picks. Potentially this has something to do with my status as eldest of the grandchildren, or my status as awesomest of the grandchildren, I don't know. The only thing I have really learned about the whole situation is that Mama Tickey really liked equity securities. Or, as google informs me they are also called, stocks.
This was all unexpected, but may not actually be a bad thing. There's a reasonable chance these investments make more money, in general, than a savings account would, and I still have access to the money if I need it. It's taking a little work to get my head around what I'm invested in and its level of viability, but I've been tinkering with my retirement fund for a few years now and I at least understand the fundamentals. I know how to read a prospectus and I'm actually a fairly good judge of the quality of a given fund.
I do need to do some googling once I'm done gauging everything, because I have to make sure that I'm not investing in anything especially immoral. I'm trying to keep away from supporting the deforestation of large swathes of the planet or the murder of children, that kind of thing. I don't know, are Junk Bonds a bad thing? Because right now they seem to be making a lot of money, and I'm suspicious of anything that makes money in this economy.
Then I have to call the investment company and tell them their forms are vague and they need to explain, on page three, whether they want my address, my bank branch's address, or the bank's corporate headquarters address.
And what to do if my voided check has an inaccurate address on it, because I only look like a grownup who has his shit together.