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PontianTown Channel  https://www.youtube.com/c/PontianTownChannel Email : pontianstreet@gmail.com  Emai : pontiantown-0276@pages.plusgoogle.com Hello, Money Scoop readers. It costs a little more money to be alive right now. But the good news is: You’re worth it. In today’s edition: Being alive right now costs more money How to invest a surprise inheritance Treat your accountant right BUCKLE UP The cost of being alive Xinhua News Agency/Getty Images Sometimes economic data can feel abstract, but our current 40-year-high inflation is viscerally hitting us every time we fill up for gas or buy groceries. A recent report from Moody’s Analytics estimates that inflation over the last year is costing American households an extra $327 per month in living expenses. That tops last month’s $296 increase. But there’s a glimmer of hope on the horizon: Ryan Sweet, senior director of research at Moody’s, said: “Our forecast is that March was the peak for year-over-year growth in inflation and that it will gradually moderate.”—Megan MONEY MATTERS Movin’ on up Dibrova/Getty Images In this weekly column, I’ll help you sort out financial gray areas—from prenups to inheritances and more. Submit your money matter here. My mother has had a rough life; she lives in low-income senior housing, lives off social security, and is in her mid-60s. She will soon be receiving a $100,000 inheritance, which will be a huge influx of cash for her. What are her best options? Save? Invest? I want to advise her as best I can, but this is out of my league.—A Good Son Dear AGS, First of all, congratulations to your mother on this big gift from the universe. An inheritance of that size is indeed a life-changing amount of money, but the question of what to do with it is best answered by experts. Bill Van Sant, senior vice president at Girard, a financial advisory firm, told Money Scoop that before deciding what to do with this money, you should definitely sit down and see where it fits in. “Does her current Social Security meet those monthly expense needs?” he asked. “Or will this inheritance help supplement that?” Once you’ve figured that out, the best approach is two-pronged: Save some, and invest the rest. “I would advise that she have at least 12–18 months’ of money in the bank to cover expenses, if not half her inheritance. While the savings account won’t yield much, it will provide safety, security, and accessibility,” Van Sant said. As for the rest of the money (maybe around $50,000), consider an exchange-traded fund (ETF). “[They’re] typically a better option than individual securities for an older individual, and may pay an attractive dividend…depending on the type of ETF purchased, that can help bring in a little extra income.”—Megan TOGETHER WITH THE MOTLEY FOOL It’s never too late to get in It’s common for a lotta folks, both young and old, to feel like the perfect opportunity to invest in the markets has passed them by. But did you know that one of the world’s richest people amassed 99% of his current wealth after his 50th birthday? (We can’t legally use his name in an ad, but it rhymes with Gordon Puffet, ahem.) Point being, The Motley Fool has helped investors of all ages find great stocks since 2002—and their latest report, 5 Stocks for Building Wealth After 50, has potential future Gordon Puffets written all over it. Thirty’s the new 50, folks. Sign up for Motley Fool Stock Advisor and get their five picks today. SPEND IT The best sheets in the game When I was given a set of 100% modal sheets, you could barely get me out of bed. They were incredibly soft, smooth, and luxurious, somehow both cooling in summer and warm in winter. And they never shrank! Fun fact: Modal is made from beech trees, and is eco-friendlier than cotton. I wanted more. The tag read “Bed Bath & Beyond,” so I searched for modal sheets on their website. They were $100—more than I’d ever spent on sheets, but I used the ubiquitous 20% off coupon to buy a pale blue set. Suddenly, even high-thread-count Egyptian cotton and flannel felt too rough…so I used another 20% off coupon and bought a set in navy. No regrets!—Kate Brandt, Morning Brew copy editor TAX GUIDE 6 accountants told us how you can be a better client 10'000 Hours/Getty Images If you use an accountant or other tax professional to prepare your returns, it pays to stay in their good graces to get the most out of their services. So how can you avoid being the worst client ever? Money Scoop tracked down six busy accountants in the middle of tax season and slid into their DMs to glean their best advice. Ultimately, they told us, it comes down to two principles: organization and communication. “Communicate early, often, and well,” Matthew J. Cordes, EA, told Money Scoop via Twitter DM. “[You don’t want to be the client who says,] ‘BTW, we sold 200k in investments last February.’ Awesome…you now owe a lot more ” Caitlynn Eldridge, CPA, told us via Instagram. “Be engaged for that meeting and don’t take it from the car. Take notes and take action,” Shannon Weinstein, CPA, advised. “Take documents out of the envelopes and remove any staples. This one thing saves us soooo much time,” said Nayo Carter-Gray, EA.—Myriam Read more. LINKS WE LIKE The personal finance content we’d share if we were in your group chat. Read: Cor blimey, inflation’s pretty bad in the UK, too, and among other things, it’s affecting the price of fish and chips. Watch: The financial independence, retire early (FIRE) movement sounds alluring, but maybe watching this will reframe your thinking. Learn: Don’t waste your time with the same ol’ solo professional growth courses. Morning Brew Accelerator (MB/A) does things differently. Guest lecturers from respected brands, lessons that are actually actionable—MB/A is professional learning done right. Learn more here. Tax filing that’ll leave you smiling. With TaxAct, you can receive the biggest possible refund (guaranteed!) and maximize your deductions for free—and get help from Xpert Assist when you need it. See, you’re grinnin’ already. Get started today.* *This is sponsored advertising content. SHARE MONEY SCOOP Share Money Scoop with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag. We’re saying we’ll give you free stuff and more friends if you share a link. One link. Your referral count: 0 Click to Share Or copy & paste your referral link to others: morningbrew.com/money-scoop/r/?kid=35163