Description
Book SynopsisFrom inheritances and divorce and insurance settlements to retirement payouts and the most recent phenomenon of stock options, the largest transfer of wealth in the history of America is now taking place. For some, this welcome event is relatively stress-free. But for those who are inexperienced in dealing with large sums of money, a windfall can be an overwhelming, even losing, situation. What is the difference between those who build on their financial gains and those who end up worse off than before? In this much-needed, one-of-a-kind book, top financial planner Susan Bradley gets to the heart of the matter by examining the emotional complexity of the windfall experience and how to manage it-and your newfound money-successfully.
Whatever the sum involved, the impact of one''s emotional state on the way money is handled--or mishandled--cannot be underestimated. In addition to the legal intricacies of receiving sudden money, the element of surprise that catches people unprepared a
Table of Contents
What is Sudden Money?
The Three Phases of the Sudden Money Process.
PHASE ONE.
The Decision Free Zone: What It Is and How to Handle It.
Feeling Your Windfall: The Chute of Emotions.
Search for the Right Financial Planner.
Goal Setting.
The Reality Check.
PHASE TWO.
The Risk/Reward Relationship.
Stocks.
Bonds.
Mutual Funds.
PHASE THREE.
Staying on Track.
Estate Planning: Transferring Your Wealth to the Ones You Care Most About.
Giving and Sharing.
THE SUDDEN MONEY EVENTS.
Inheritance.
Stock Options.
Divorce.
When Two Become One.
Insurance Settlements.
Winning the Lottery.
Athletes and Entertainers.
Retirement Benefits Package.
Appendices.
Index.
