(800) 644-1150

Setting Up Your Heirs for Sudden Wealth- Episode 116

If you’re accustomed to living on a certain amount each year, with fairly stable savings account balances, it can be a real shock to the system when you suddenly receive a large influx of money that alters your current financial situation.

While a small percentage of people achieve this through winning some kind of cash prize, more often than not it comes about through an inheritance.  Even if that inheritance was expected, the resulting “shock” can be either a good thing or a bad thing.  It all comes down to planning.

How can you help your heirs potentially avoid the so-called “Sudden Wealth Syndrome?” Join podcast host Johnny Dean and “Professor” Rick Plum, CFP® along with their special guest, Joe P. Lucia, wealth advisor and President of Lucia Capital Group for answers to that important question on this week’s episode of Managing Your Financial Future! 

Important Information:

The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

Rick Plum and Joe P. Lucia are registered representatives with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.

Start Your Strategy

Personalized investment advice and support to help grow your portfolio