How to manage new wealth?
April 28, 2011 3:54 AM Subscribe
Let's say that I am about to come into life changing amount of cash. What is the best way to manage this new wealth?
posted by anonymous to work & money (24 answers total) 17 users marked this as a favorite
What I am looking for is more practical advice about keeping such a sum safe in bank/brokerage accounts than advice about how to invest. Do people even keep large sums in single accounts, due to FDIC insurance limits? Is there a smarter way to hold on to it than just a savings account? Any common tax gotchas that should be addressed early on? Thanks.