A windfall is a large sum of money that is paid out to you as a result of events that are out of the norm. Such events include lottery winnings, the sale of a business, the sale of appreciated stocks/collectibles, inheritance, and legal compensations.
Windfalls are life-altering and often come with intense emotions that can affect how you manage your incoming assets.
At Interactive Wealth Advisors, proper wealth management and preservation is our core business. As a third party, we will approach your situation with objectivity, equipping you with the financial advice for the windfall you need to make enlightened decisions.
We will help you with IRA financial planning, debt repayment, estate planning, and retirement tax planning in Oregon. Additionally, we will see how we can incorporate your windfall into a regular cash flow, securing your future.
For holistic wealth management, you need to:
We will set up an official introductory meeting where we learn more about you, your financial aspirations, and your long and short-term goals. We will also try to understand your investment risk appetite, all of which allow us to identify whether we have the expertise to assist you. We will also tell you about our company, just for you to gauge whether our goals align and whether we can forge a partnership.
As part of our financial windfall management process, we will ask you to divulge detailed information on your finances, including your debts, income, and investments. We will leverage this information to craft a viable action plan.
We will list down your life goals, and reassess and adjust them based on your new financial reality. We will also look at how we can accelerate debt repayment, but this depends on the amount of windfall.
Additionally, we will look at viable investment opportunities to maximize growth while preserving your wealth. As part of our windfall financial analysis, we will consider the taxman, ensuring we adhere to applicable tax laws. Our windfall tax planning professionals will also come up with the perfect strategies to reduce tax liability.
Our team of financial windfall managing experts will present you with the final action plan for review. We will include debt repayment strategies, retirement planning, estate planning, and ways to fortify emergency funds, which work together to ensure proper handling and management of your windfall. Our experts ensure you understand the plan, helping you make any amendments you deem fit.
This is the most important wealth management stage, where we implement the action plan. We proactively ensure we execute the recommendations to the letter, allowing you to grow and manage your money as expected.
Our windfall financial specialists offer ongoing monitoring to ensure the entire process yields the expected results. They will also regularly look at the viability of the plan against market trends and arising opportunities, making amendments when required.
Windfall planning is for people who have suddenly received an unexpectedly large sum of money. They include but are not limited to individuals that have: