The so-called “Sudden Wealth Effect,” is alive and well thanks to things like insurance or divorce settlements, inheritances, stock options and real estate sales. When Investment Advisor magazine (Aug. 2018) asked about my experience with “sudden money,” I noted that anyone receiving an unexpected windfall needs to realize that temptation is everywhere in our society but realistically speaking…can the good times last forever? There can be many conflicting emotions.
For further insight on managing “sudden money” plus additional highlights from the Investment Advisor article, please click here