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Financial Planning / Windfall Management


Subject:  Re: $6M windfall, full service financial planner Date:  3/11/2011  1:08 AM
Author:  maflo2 Number:  8 of 16

If you have any inclination to learn something about tax planning and asset allocation, I'd suggest paying someone an hourly fee and not a % of your assets, even 0.1% is huge and you can do better. Do your homework and find someone really good. The harder part is tax planning, not asset allocation. You can get visibility into index funds and manage allocation with a spreadsheet. There are many complexities for tax planning and you have many options, but in the long-run you'll be better off if you get intimately involved anyway. BTW, I think that it's worthwhile heavily investigating riskier bond investments like emerging markets and junk bonds as part of your portfolio -- they have less volatility than stocks and recover faster in downturns. Good luck! sincerely, maflo2
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