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What Should You Do with an Unexpected Windfall?

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I don’t read this video as actually answering the question
Comment from : @DisabilityAttorney

First thing: pay your taxes due on it; don’t be foolish and start spending it before consulting with your tax accountant You’re asking for trouble
Comment from : @GamerplayerWT

Excellent dear 😍😍
Comment from : @NursingLibrary-jc1xq

Ratios are everything, but here's my opinion Paying off debt is a guaranteed return on your money of the interest that you would pay in that year It is rare for the average investor to make more than 20 on their investments @ 20 interest, that's 200 dollars every year on a credit card of $1k If you pay the thousand, you earned $200 in year 1 even more if you calculate the savings over multiple years
Comment from : @youKnowWho3311

Bo, for the love of god please comb your hair Ever since you've been doing that I cannot unsee that weird ass cow lick on the side
Comment from : @emk704

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Comment from : @marybrien3094

Good advice on waiting with really big windfalls This can be a good option for people that haven't planned for it and know how they are going to invest etc
Comment from : @nickdoyle-achievefinancial2464

When I inherited stock and money, I just put it in my brokerage account It's still there earning income, which is available for spendingbrTell Brian not to get too deep into audio - I know guys who have spent hundreds of thousands of dollars on equipment My system is about $30K, that's good enough for me
Comment from : @vinyl1Earthlink

@money guys, just sold a vacation home in August Primary residence is paid off, no debt, saving 25 of my income in a Roth 401k plan, 1k per month additional savings The market had reached all time highs before closing and felt uncomfortable investing at that level with the current valuations but also feel uncomfortable losing buying power due to inflation I did top off 2 flex cd’s that we’re @ 225 and 275 My current age is 58? Dollar cost average a percentage into the market?
Comment from : @slowridefpv9668

I will never have an unexpected windfall from inheritance but i tend to not spend them
Comment from : @Jerone_

Is it possible to save this windfall in a tax-advantaged account (besides IRA which can only take 6k/yr?)
Comment from : @aavv17

This suggestion came from "America's cheapest family" 60 to debt, 20 to savings, 10 tithe/giving, 10 fun Think its a very balanced approach
Comment from : @bridgetlove1884

I have had a few windfalls in my life I took care of most of my debt with the first one & took myself & my kids on multiple trips & spent the rest on nice dinners, it was gone within 6 months The second time that happened before I even got the settlement I had a clear plan of what I was doing with the money I spent it intentionally, got the rest of the way out of debt & I am soooo grateful to my younger self that I did that With the 3rd one it went towards large items we absolutely needed Had I not been on this path to being financially responsible I definitely wouldn't be thinking I'd ever be able to retire Thank you guys for helping me & so many others!
Comment from : @Stormy_Dawn