Good Financial Reads: What to Do with a Windfall

2 min read
September 20, 2019

What to Do with a Windfall

Got a Cash Windfall? Take These Steps So You Don’t Screw It Up

by Eric Roberge, Beyond Your Hammock

Who doesn’t love the idea of suddenly, unexpectedly coming into a lot of cash?

Although this idea of a cash windfall sounds great in theory, the reality isn’t always quite as fantastic.

Receiving a lot of money — especially when you didn’t know or expect it — can also introduce a lot of financial complexity you weren’t prepared for. It could even come with some unwanted baggage.

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9 Tips to Manage Your Inheritance

by Lucas Casarez, Level Up Financial Planning

This strategy guide on how you manage your inheritance is much overdo. The truth is, discussing an inheritance is never a fun topic, but I know how important it is to my clients that they manage their inheritance responsibly. Here are nine important tips you need to consider to make sure you can confidently manage your inheritance:

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What to Do With A Windfall of Cash

by Levi Sanchez, Millennial Wealth

If you’re fortunate enough to receive a windfall of cash in your lifetime there are several ways to make the most of it. Every so often the headlines include a story about a lottery winner or professional athlete who’ve earned large amounts of money in a brief period of time before going completely broke. Don’t be this person! Take your time, include trustworthy people, prioritize your goals, and work with a professional before making any quick decisions. This article will explore what to do with a windfall of cash to avoid any costly mistakes. 

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What To Do When You Receive An Inheritance

by Michelle Smalenberger, Financial Design Studio, Inc.

Have you received an inheritance and need to understand the steps to take or what to do?  One of my favorite stories of a client who inherited funds from a loved one was all about the history of the person who left the inheritance.  A grandfather passed away and the parent was executor and trustee in charge of getting the funds to the grandchild. The parent sent a note along with the funds explaining what family meant to the grandparent and his attitude toward saving and spending money throughout his life. 

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Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.