Special Situations
Sudden Wealth
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Sudden Wealth
You'll need to evaluate your new financial position and consider how your sudden wealth will affect your financial goals.
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What's the best way to handle a financial windfall?
First, put the money into a safe, liquid investment such as a money market fund, and take stock of your situation.
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When I play the lottery, I have to choose between a lump sum and annual payments. Does it matter?
Choosing between a lump sum and annual payments does make a difference and depends largely on your personal needs and goals.
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