Whether it’s an inheritance, separation payout, work bonus or lucky Powerball moment, a lump sum can change your financial trajectory...if you make the right calls.
Bryce and Alec are joined by Dylan Pargiter-Green from Bold Wealth to unpack the emotional, practical and tax considerations that come with sudden wealth, and why the best move might be taking a breath before doing anything.
If you’d like to speak to Dylan or anyone on our advice network head to https://equitymates.com/advice/
In this episode:
00:00 — Why windfalls matter for investors
03:25 — Inheritances, separation, bonuses and other windfalls
05:58 — Why talking about sudden wealth is so hard
08:13 — Splurging, squirrelling and the biggest windfall mistakes
11:42 — The first smart moves after money lands
16:58 — Tax, wills and why equal assets aren’t always equal
19:49 — Family conversations and inheritance planning
22:52 — SKI: spending the kids’ inheritance
25:35 — Income streams, gifting early and aged care planning
27:50 — Final takeaways: start the conversation early
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And come and join the conversation in the Equity Mates Facebook Discussion Group.
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We’re particularly excited to share our latest show: Basis Points
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In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.
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Equity Mates Investing is a product of Equity Mates Media.
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