While coming into a large sum of money by any means can be quite exciting, it’s important that you spend and save it carefully. Take this example from a couple of lucky lottery winners, which includes one from the state of Maryland:
“Two winning tickets, sold in Maryland and Florida, will split the $414 million Mega Millions jackpot, officials announced on Wednesday.
“We would encourage them to sign the back of the ticket, safeguard the ticket and get advice from an attorney or financial advisor,” Maryland Lottery Director Stephen Martino told the Baltimore Sun. “It’s clearly a life-changing event and it’s better to do that planning in advance.”
It’s understandable to let excitement get the best of you as you go racing out to buy a new car or house or start planning to travel the world, but you have to understand that there are other factors to think about. A financial advisor in Maryland like Financial Brokerage Services can help you to understand that preparing for the future is far more important. You can also get informed suggestions on ways to invest that money so that it lasts for as long as possible and how to combine your new found wealth with your current income in a way that is a perfect fit to achieve your future financial goals.
Of course, receiving millions overnight isn’t something you can plan for. However, no matter what your circumstances are, it’s still a good idea to consult a trusted financial advisor in DC such as Financial Brokerage Services in order to make sure your current lifestyle is on the same path with the lifestyle you want as you get older. You’ll want to make sure that you can retire comfortably and that any dependents that you have will be well-taken care of once you pass away. While this might not be a subject that is commonly discussed, it is most certainly one worth having because like winning the lottery, you never know what can happen in any given day.
The expert financial advisors here at Financial Brokerage Services are here to take care of any questions or concerns that you might have about your finances, no matter what your current situation is. Give us a call today so you can finally get that peace of mind you’ve been craving for.
(Article Excerpt and Image from “Lucky Mega Millions Winning Tickets Sold in Florida and Maryland”, Los Angeles Times, March 19, 2014)