Inheritance and Windfall Planning:

    If you inherit money--it can be overwhelming!  It is always preferable to wait three to six months to determine the right moves for your family.

    There may be pressure from friends or relatives for a loan or a gift.  Hasty decisions using an adviser who puts his income before your benefit can be very harmful to your assets.  Talk to at least two advisers before making a plan.  Make sure one of them is a Fee-Only financial planner, and make sure to discuss all costs.

    You may want to go buy a car, pay off debt or even start a business.  Careful planning with this new money is so important to being able to have a happy financial future.  Very thoughtful planning is a must.

Questions to Consider:

• Do I have enough of a windfall to leave the workforce?
• Will I have to pay taxes or not?
• How should I best invest any monies I don't need now?
• How much of my debt should I pay off?
• What should I buy now?
• Should I put the money in my own name or jointly with my spouse?
• Should I pay off the mortgage or part of it?
• Should I consider the Roth IRA?
• Should I help all my kids out financially?
• Many other questions will come up; consider them all thoughtfully.

    At CG Financial Consulting we take a look at your investments, insurance and liabilities, and make a comprehensive financial plan to meet your goals and what you want to achieve. There are no yearly fees or percentages that some planners charge. We charge by the hour or by the plan, there is never a conflict of interest.