March Means Only One Thing: A Great Cinderella Story

Trivia: What is the biggest Cinderella team to ever win the NCAA tournament?

A. 1985 Villanova Wildcats

B. 1986 LSU Tigers

C. 2011 VCU Rams

D. 2021 UCLA Bruins

Read to the end to find out the answer.

From Upset to Upswing: 5 Steps to Take After a Financial Windfall

Everyone loves it when an underdog comes out of nowhere. Well, just like that team achieving the unexpected, an inheritance or other financial windfall can feel like a dream come true. But don’t rush the court or buy that fancy vacation home just yet.

Before the clock strikes midnight, Cinderella, here are five steps to take to help turn your financial windfall into a happily ever after:

• Breathe and Assess. It’s natural to be excited, but take some time to let the news sink in. Don’t make any rash decisions in the moment. Consider the size of the inheritance and how it fits into your overall financial picture.
• Assemble Your Dream Team. No, we aren’t talking about Larry Bird and Magic Johnson. Consider scheduling a meeting with us and your CPA. Together, we’ll explain the tax implications of your windfall and develop a strategy for using the money wisely.
• Consider Your Debt. High-interest debt can be a major drain on your finances. Use some of this inheritance to pay down any personal or business debt. This will free up money you can use towards other goals.
• Invest in Your Future. The truth is, even happily ever after requires planning. Every underdog defeated Goliath with a strategy. Let’s sit down and develop a new plan based on your risk tolerance and long-term goals.
• Build a Legacy. Coaches say all the time, “Next year starts tomorrow.” After an inheritance or a financial windfall, it is a good time to reassess your estate plan, will, and any existing trusts you have. This will minimize confusion and conflict for your heirs so your legacy can live on.

Remember, a financial windfall is a chance to improve your financial situation and pursue your biggest aspirations. By following these steps, you can turn your Cinderella story into a reality that lasts a lifetime.

Ready to make the most of your financial windfall? Simply click reply to this email to start crafting your customized plan for long-term success.