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Financial Windfall Planning

Financial Windfall Planning in Oregon

Expected or not, windfalls are a dream come true. While you may be tempted to purchase or experience life’s luxuries, taking a step back and rethinking how to manage the money is crucial. In this case, hiring a windfall financial planner would be the first step to safeguarding your financial future.

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What is a Financial Windfall?

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.

How Can We Help?

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.

Why People Hire Us

Retirement Planning

Our well-designed process and experience will leave nothing to chance when it comes to your successful retirement.

Investment management

Once we’ve helped you define your goals and objectives, our investment management will be the engine that drives your plan.

Transition planning

Whether you receive large windfall or an uninvited misfortune, we’ll help you make smart decisions and minimize the financial stress.

Business Owner Planning

With Interactive Wealth Advisors’ help, you can simplify the process by integrating your business and personal planning — in an attempt to find synergies that may help to provide tax and retirement planning opportunities.

Tax Planning

With Interactive Wealth Advisors’ help, you can simplify the process by integrating your business and personal planning— in an attempt to find synergies that may help to provide tax and retirement planning opportunities.

Estate Planning

At Interactive Wealth Advisors, our estate planning services are designed to help you protect your family and assets while making sure they are used in the way you want. Whether it is creating a simple will or advanced trust, we can develop a custom estate planning solution that fits your needs and goals.

IRA planning

Interactive Wealth Advisors is a fee-only financial planner in Portland, and our IRA retirement planning service will help you navigate the financial challenges of today’s dynamic retirement planning process.

Social Security Planning

Social Security is a crucial part of preparing for retirement. Created in 1935, the Social Security Administration (SSA) was designed to help protect people from becoming destitute if they become disabled or too old to work. It provides benefits to retirees, disabled workers, widows, widowers, and their families.

Asset Protection Planning

It has taken blood, sweat, and extreme work ethic to build your business or brand and accumulate wealth. Now that you are a high net-worth individual, it’s vital that you take deliberate steps to preserve this wealth. This is where asset protection planning comes in.

Holistic financial planning

When it comes to preparing for the future, you want a team that understands your goals, dreams, and finances. That’s why we offer holistic financial planning and sudden wealth counseling services that are specifically designed to help you make the most of your money.

Investment management for trusts

IPO & Pre-IPO Tax and Financial Planning

Stock option planning

Wealth management

Restricted Stock Units Planning Advisor

Best Practices for Financial Windfall Planning

For holistic wealth management, you need to:

Avoid making hasty decisions that, in most cases, are driven by emotions
Have a team of professionals, including a financial planner, CPA or tax advisor, estate planning attorney, or any other relevant experts depending on the kind and size of the windfall
Have clear goals and rank them based on priority.
Define a strategy that will help you pay off debts – or at least pay them down
No matter your age, make sure you develop a retirement plan that significantly increases your nest egg
Keep your day job to preserve your windfall for longer. If you genuinely do not enjoy your day job, you can look into an alternative money-generating career.
Make informed investment decisions that protect your newfound wealth

Our Process

Introduction and information gathering

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.

Reassessing your goals

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.

Presentation

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.

Implementation

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.

Continued communication

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.

financial advisory services in Portland, OR

Who Is It For?

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:

Won the lottery
Inherited wealth
Received lawsuit compensations
Amassed lucrative gains from an unprecedented spike in stocks
Sold antiques, collectibles, and other rare commodities at exorbitant prices
Sold their businesses

Why Choose Us?

Unrivaled experience

Interactive Wealth Advisors is a fiduciary in Oregon with in-depth experience in wealth planning. Over the years, we have established our firm as a leader, offering best-in-class financial advice. Apart from windfall income tax planning, we are experienced in investment management, retirement planning, IPO and Pre-IPO financial planning, investment management for trusts, estate planning, and many more.

Passionate about performance

Our team of consultants is relentless about staying current with the financial market, which allows us to find better ways to serve you. Innovation takes center stage at IWA, boosting our performance and service delivery.

We value our clients

Our clients always come first. We aim to deliver unbiased advice, which strongly reflects our company’s integrity. We also provide customized financial services based on a client’s unique situation, helping them build a better future and achieve their short-term and long-term goals.

Accountability

We ensure that any advice, approach, and action we take is rooted in helping you achieve financial independence sooner. We are transparent and all decisions made on your behalf are to meet your goals and significantly grow your investment portfolio over time.

Frequently Asked Questions

Can you prepare for a financial windfall?

Yes. Many individuals know their chances of acquiring a sizable amount of money in the future are high and it’s vital that they are well-prepared for the change in their net worth.

Interactive Wealth Advisors are financial estate planning experts and will help in managing a financial windfall sudden money. We will advise on how to alleviate present-day money worries and help you find excellent investment opportunities for wealth preservation.

What are the advantages of a financial planning for a sudden windfall?

An unexpected financial windfall can help company owners access additional capital when going through a suddent wealth eventIPOs. By undertaking unexpected wealth financial planning, you can use the windfall to fund the entire process and support business operations during such a critical time.

Is it worth hiring a financial planner for financial windfall advice?

Of course. Expert advisory services provide you with the guidance you need to make the most of your newly found wealth. It helps you make smart money decisions, curb overspending, protect your assets, and secure your future.

How can IWA help?

Interactive Wealth Advisors will create a long-term strategy that allows you to improve your financial health. We will develop a plan that lowers if not eradicates debts, one that allows you to make high-value investments as well as meet all financial obligations.

With us, you are assured of a custom finance strategy that will grow and preserve your new wealth.

How much does it cost?

The cost of financial windfall advice depends on the size of the windfall, the complexity of the portfolio, and the services we provide.

Contact Interactive Wealth Advisors today for a free windfall wealth planning estimate.

ABOUT INTERACTIVE WEALTH ADVISORS

Interactive Wealth Advisors is a Registered Investment Advisory firm in the State of Oregon and Washington. The Adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.

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