The Windfall Plan
Eight steps, in order, for when a big check lands. A business sale, an inheritance, or a big bonus.
I sold my own business, so I know the feeling.
Whether the check is $10,000 or $10 million, follow the same order.
Educational only. Talk with your CPA and attorney before you act.
After you submit, check your email for the PDF.
Taxes first
Set aside the tax on the gain and a small fun budget before you touch the rest.
Park it, then the basics
Hold the rest in cash or other short-term holdings while you think. Pay off costly debt and refill your cushion.
Give, invest, and draw
Give while you’re alive, invest the bulk, and set a draw you revisit every year.
