David Strege, CFP®, CFA, CKA®, Senior Financial Planner
January 16, 2016
The Powerball of over $1.6 Billion finally was won on three separate tickets in different states. Education is needed for these winners as most financial fantasies do not include the complexities that will come from this much sudden wealth. Taking some time to learn is needed to avoid being the near 50% of winners whose lives are ruined because within five years they have spent all the winnings, are bankrupt or commit suicide. There are many physiological factors that occur which Susan Bradley addresses in her book Sudden Wealth. Below is a link to some of her guidance… good luck tonight!
Powerball: How to Manage Sudden Windfall