MoneywiseSat, May 31, 2025, 1:56 PM 6 min readM_Agency/ShutterstockMoneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.In the next 20 years, Americans will inherit an estimated $72 trillion as boomers pass down their accumulated wealth to younger generations in a phenomenon dubbed the Great Wealth Transfer.That means there will be a lot of people like you who are surprised — even if pleasantly so — to be inheriting money and unsure about how best to manage it.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howBlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisisNervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10)This problem stems from a lack of communication around estate planning. A 2024 Edward Jones report found that more than one in three Americans have no plans to talk about their estate with their families, even though 48% plan to leave an inheritance.You were unprepared for this windfall, but it’s good to be thoughtful about how you're going to manage the money going forward so you don’t waste this opportunity to improve your life now and in the future.Here are some options to explore.If you’ve inherited a large sum of money, one thing you could do is to put it into an investment portfolio that’s earmarked for retirement.A 2024 CNBC survey found that 40% of Americans are behind on retirement planning and savings, while 21% of current retirees have no savings at all to live on.You don’t want to rely on Social Security in retirement, because those benefits only replace 40% of your paycheck if you’re an average earner. Plus there’s a possibility of Social Security cuts in the not-so-distant future.Investing your inheritance now could give you greater retirement security, and help you build a legacy for future generations.It’s important to maintain a diverse mix of assets in your portfolio. If you’re years away from retirement, you might keep the bulk of your portfolio in stocks and a smaller portion in bonds.For instant diversification, consider investing in S&P 500 index funds, giving you exposure to the 500 largest publicly traded companies. For the bond portion of your portfolio, consider a mix of corporate bonds, Treasuries, and municipal bonds for tax diversification.However, diversifying outside of the stock market is equally critical, especially given its recent volatility. Investing in commodities like gold can help stabilize your portfolio and ensure your retirement fund continues to grow.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5005,911.69 -0.48 (-0.01%)Dow 3042,270.07 +54.37 (+0.13%)Nasdaq19,113.77 -62.13 (-0.32%)Russell 20002,066.29 -8.49 (-0.41%)VIX18.57 -0.61 (-3.18%)Gold3,313.10 -30.80 (-0.92%)PortfolioSign in to access your portfolioSign inTop gainersRGC Regencell Bioscience Holdings Limited 877.00 +136.02 (+18.36%)PONY Pony AI Inc. 19.26 +2.11 (+12.30%)ULTA Ulta Beauty, Inc. 471.46 +49.67 (+11.78%)MP MP Materials Corp. 21.79 +2.02 (+10.22%)ZS Zscaler, Inc. 275.70 +24.59 (+9.79%)Top losersSMMT Summit Therapeutics Inc. 18.22 -7.99 (-30.50%)GAP The Gap, Inc. 22.31 -5.64 (-20.18%)REGN Regeneron Pharmaceuticals, Inc. 490.28 -115.11 (-19.01%)AMBA Ambarella, Inc. 52.64 -9.36 (-15.10%)COO The Cooper Companies, Inc. 68.28 -11.68 (-14.61%)Most activeNVDA NVIDIA Corporation 135.13 -4.06 (-2.92%)LCID Lucid Group, Inc. 2.2300 -0.1800 (-7.47%)PLTR Palantir Technologies Inc. 131.78 +9.46 (+7.73%)F Ford Motor Company 10.38 +0.16 (+1.57%)TSLA Tesla, Inc. 346.46 -11.97 (-3.34%)Earnings eventsTrending tickers^GSPC S&P 500 5,911.69 -0.48 (-0.01%)BTC-USD Bitcoin USD 103,604.51 -2,311.32 (-2.18%)PLTR Palantir Technologies Inc. 131.78 +9.46 (+7.73%)^DJI Dow Jones Industrial Average 42,270.07 +54.37 (+0.13%)CLF Cleveland-Cliffs Inc. 5.83 -0.07 (-1.19%)Top economic eventsPowered by Money.com - Yahoo may earn commission from the links above.