Tip - 5 Smart Steps to Manage a Financial Windfall

Figuring out how to manage a windfall sounds like the kind of problem we'd all like to have. Sadly, though, an unexpected payout—whether from an inheritance, a lawsuit settlement or a lucky lottery ticket—can create a world of problems. Shady financial advisers may shower you with dubious investment schemes. Long-lost relatives could reappear with hard-luck stories. You might be tempted to quit your job, buy a more expensive house or make other costly decisions that could make your jackpot quickly disappear.
Tags: inheritance, windfall, Sandra Block, William Hammer, MassMutual Financial Group, Room to Breathe, tax-deferred retirement plan, General Motors retirees