How To Prepare For A Financial Windfall So You Don’t Lose It All
- By
Julia Austin
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Get a team together
Washington says people can assume they’ll be fine managing a new, large sum of money on their own. But, she says, “They don’t have an understanding for what taxes should look like, what strategies help them hold onto money, or what types of vehicles could be advantageous based on their entire financial picture.” Shifting mindset all alone isn’t easy, says Washington, which is why you need a team of experts to support you.
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