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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