A Sudden Windfall Can Lead to Financial Mistakes. Best Advice From Money Pros.

Whether from inheritance, business sale or other one-time payout, a financial windfall can be life-changing, but without proper planning, many Americans risk mismanaging these sudden gains with potentially damaging consequences. CFP Board Ambassador Autumn Knutson, CFP® has helped clients diversify six-figure cryptocurrency gains into less risky investments and says some inheritance beneficiaries hesitate to take even modest distributions while still mourning their loss.

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