Receiving an inheritance soon that is mostly stock. One of the largest holdings is down around $300k total still (my share is split with 2 others) from the March crash. My attorney says they usually recommend liquidating. But that means there’s still a big delta that could grow tax free. The stock is TFC (Truist Financial). Anyone have any thoughts / recommendations? Thanks.

like
Posting as :
works at
You are currently posting as works at

Is Truist the BB&T and Suntrust merge? I owned some of the latter stock and had a decent return. It’s your call how you would like to inherit the cost basis vs cash proceeds. I thought you get a step up in basis so it’s FMV upon death? Are you saying from the time you’re down $300k? If that’s your basis it could be worth getting if you have other stocks you can sell to do some stock loss harvesting.

My recommendation is meet with a financial planner and look over your assets and see if it makes sense to take a cash portion and a stock portion. Then further develop your goals around your other assets.

Edit: I would also point out banks margins are suffering from reduced inflation and lowered interest rates and the federal reserve is working on maintaining low rates for the next 3 years. Your advisory may find other areas better suited for your financial goals.

like

Related Posts

I am sick of being a realtor! I've been trying for 5 years and have only sold 3 houses. Where I'm from (small Southern town) nobody is buying. Most people's families already own homes and it's just a bummer to see all these nice houses deteriorating over time.

like

Amazon stock is down to below 3000. Bought at 3300! Thoughts? I’m sure it will go back up, but when? And by how much? Appreciate any expert guidance!

likefunny

I stopped contributing to my 401K for the last three months in order to pay off credit card debt. I am 28 and have about 68K in my 401K. Was this a smart decision? I want to get out of debt as quickly as possible and I have no student loans or car debt.

Hi folks!

I'm new to this platform. Brief Intro - A B.A (Tourism and Travel Management) grad from BLR, total 5.8 years of experience in Customer/Client focused Services and Business Development. Working for an Ed-tech as a Business Development Manager. (2+ yrs)
Currently pursuing Product Management course to switch n scale my career.
Would really appreciate any guidance/reference for Internships, or Associate Product Manager roles.

like

What financial sites you use to keep track of portfolio and also do basic analysis of stocks. Such as which one are monthly gainers looser or how they performed in last 5 yrs. I want to build a cont.

likefunny

Anyone have any tips or ideas on how to collect money owed from a client? In a few months it’ll be two years since the debt was incurred. We send monthly reminders of the bill. It’s a significant amount (well to us) and the client is now starting to open up and telling everyone about the situation that we helped to resolve.

like

Anyone knows what’s the best way to look up VC investment roadmap for maybe health tech or software focused VC firms?

like

Taking a relative who has never travel abroad to Italy - spending a few nights in Florence - any great restaurant recommendations ?!

like

Anyone know why I can’t access my bank account?

How can I lower my taxes? I feel like I pay a LOT (30%+) but don’t get many benefits in return.
Single with no kids

like

Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

likefunny

Looking for a financial advisor to help us begin investing - any recommendations? Is $30K enough to start with?

like

Looking to buy Rolex OP. Thoughts on new vs used? Is the additional ~2k worth it for new?

Sad that I missed out on this deal 😭 brand new & tax free

Post Photo
like

Pre-approved for a home but the rate lock expired and now we have to re apply. My husband lets me know his credit score dropped 111 points because of credit card utilization. Even if we get it below 30% ( which we can) not sure it will quickly reflect. I also added him as an authorized user on a high limit credit card I have. Any other suggestions besides trading him in lbs

like

Can I simply upgrade from Amex Blue Cash Preferred to Amex gold? Or would both just be open at the same time since one is technically a charge card?

like

Whelp, GroupM just suspended 401K matching, from May 1st till the end of the year...

Post Photo
like

BakerTilly people, what application do you use to prepare your financial statements? Do you use word/excel?

likefunny

Can I keep my ex-spouse in my insurance plan after our divorce?

like

More Posts

Anyone looking for accommodation near Citi kharadi Pune ?
I'm working in Citi and looking for the same.
We can find and share.
Please DM.

like

Hi Fishes,

Can someone provide any review on siemens gurugram location, projects and work culture. I am hired as a senior software engineer.

I have another offer from Accenture Noida.

like

Ping me for Siemens Referal. Good Company and WLB with decent package. #Openings. #SiemensBangaloreSiemens

likefunny

Need referral in siemens java developer. Java ,spring boot, microservices.

like

Bloomberg hi all! I applied for Bloomberg Analytics and Sales and passed the super day. I’m meeting with the manager tomorrow for half an hour. What can I expect? Thanks!

like
like

Graduating with my finance degree in about a year. I took a part-time healthcare position fill my employment gap but most of my previous experience is in manufacturing logistics and customer service. With my background, how do I break into a finance or accounting role? What positions do I apply for? I would like to make at least 45-50k a year min starting if possible.

like

Which is the best amongst
Siemens healthineers
Siemens technology and services
Siemens advanta

For a c++ developer, yoe 4.5

like

Need career advice. Trying to break into a finance role, preferably an Analsyt role but I have no transferable experience. I worked as a mortgage loan officer (which is sales) for 2 years after college, but since mortgage is such a niche industry, no hard skills transfer and have no relevant undergrad internships unfortunately. I know I can essentially get any sales job I want in finance IE: financial advisor etc. but don’t want to be stuck in sales forever. Any advice?

like

Which in-house/brand side places in MN have decent creative opportunities?

Can anyone throw some light on what sub levels exist within level 9 i.e. at Management Consultant level in Accenture Consulting. Also how do we know whether we are offered base level consultant or experienced consultant role and what are the corresponding salary levels? Please guide?

like

For each MBB, what's the grad school sponsorship policy for junior who join as experienced hires? Are you still eligible and if so, how long until you can be sponsored (and is thus measured up to enrolment or application time?). Thanks!

like

Amazons excessive interviews are an awful candidate experience. Why do they think this will help them win top talent in this competitive environment? Especially with their public cultural issues…? Lots of great paying companies without having to take a day off from work to interview! It’s overkill

like

Thoughts on a manager texting you to ask why you aren’t online Easter weekend when all of your work is completed and another senior who can’t handle their own work decided to randomly send you their returns to review?

likefunny

Which one to choose

Wipro - 17 LPA, HYDERABAD
TCS- 13LPA, Noida
Technology- O365 and mobility
YOE- 7.5

Current location is Delhi

like

Hi ,
anyone help on the HCL retention bonus ?

They added 2L per year in separate letter,

will 2L added in every year ?

They added condition of need to stay for 24 month .

How HCL retention bonus works ?

@HCL Technologies

likesmart

Where are good companies to apply for to get into data science? My offer right now for data science in the big4 is only 66k and I definitely can’t go that low. Industrial engineering background with experience in analytics.

like

Can someone tell what would be the night shift allowance in CTS for Associate designation. @cognizant

like

Where is this confessions bowl people keep mentioning?

likefunny

I am in the market for a Rolex, budget is 5k. Any recommendations pls

funnylike

Additional Posts in Personal Investment Chatter

Hoping to earn rental income. Any good advice or resources on getting started? What’s your experience been like? Thanks for sharing in advance!

like

What’s the smartest allocation (for a late twenties person) of 100K right now, between ETFs, stocks, crypto and bonds? I am mostly in cash right now and feel I’m missing out on investment ops, but also wary of putting money in the wrong place. Any advice would be greatly appreciated!

like

Wohooo if you kept it for 3 more days you could have made 35k !!!! Wohooo !!!

Post Photo
likefunny

Want to buy a house in bay area? Is this a good time? Thoughts?

like

If I have access to both to buy through Fidelity, any reason to choose IVV vs VOO? Why do you pick one over the other?

like

Which assets to invest pension into?

like

Reading alot of articles saying banks raising mortgage down payment minimums to 20%. (I know all the benefits and why it’s best practice) that being said any thoughts on how long that will last?

like

Thoughts on buying into Wells Fargo now, at their 52 week low basically.. Bank too big to fail of course and their imposed caps on grown expire in a year or 2 I believe with regards to how much $$$ they can lend out or take in...

like

How much do you keep in the bank vs brokerage?

like

I've been allocating 100% of my Roth IRA funds to Vanguards target retirement fund 20XX. Should I keep doing this or do I need to start getting into VTI/VOO/VTSAX as everyone in this bowl is so fond of?

like

You guys think that buying CGC or TLRY now that they’re beaten down are a good Long term play, or do you feel they still have more room to fall?

Please, can some explain it to me like I’m 5 why Tesla’s stock keeps going up? But seriously, with a PE of almost 1,100, why?

like

Best provider for good rates on used car loan?

like

Anyone using services like Motley Fool or Seeking Alpha or any other paid service for stock recommendation? Looking if they are worth it or not

like

What happens if I over contributed to 401k because of a job change ? How do I adjust ?

like

What might be the ripple effect in real estate? When is a good time to get in?

like

Any tips on negotiating apartment renewals for large buildings? Just got a renewal offer for my 2BR apartment… it’s 20% higher than my current. I can afford it but damn that would be a bummer

like

Hi! I have a brokerage account with Vanguard. Does anyone know I can have tax withheld as dividends are getting paid through the year? Please note that I’m not referring to extra withholding on W-2. Thanks!

like

Starting to think it’s all a scam. Everyone knew tomorrow would be a bad day for the market... and bam... Gilead announces. = rally tomorrow!!! Ride the waves, my friends 🤣 THOUGHTS???

like

The 19.5k limit for 401k self contributions, is that based on pre tax (traditional) or post tax (Roth)?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal