 Inheritance and WindfallsWhat do you do with unexpected cash and assets? You may have inherited money from an estate. A lay-off might result in a buy-out. You might be selling a second home, or down-sizing to a much smaller home, resulting in a real estate windfall. You might even win the lottery! In all of these situations, the bottom line is, you have extra cash you probably weren’t planning on having! Regardless of where the money comes from, you need a plan. Should you pay off debt? Invest the money for retirement? Use it to buy a house? Finance an education? Or get that racy red sports car you normally couldn’t afford? The decisions are yours, but we’re here to offer advice and some of the products you need to make the right choices for your circumstances and your future.While you decide what to do, you want to keep the funds safe and if possible, earning interest. Our Money Manager fund is a safe way to keep cash liquid, while earning a higher rate of interest. CDs are another option, especially if you don’t need the money right away and would rather not be tempted to spend it. If you are looking for other investment options, the MEMBERS Financial Services representative is available to analyze your financial situation and make recommendations to help you maximize your pot of gold! Contact us or give us a call at 1.800.942.9575 for more information. |
