Robert Peterson, senior wealth advisor at Crescent Grove Advisors said the first thing you need to do after coming into a ton of money is allow yourself to take it all in.
“Breathe,” he said. “You need to take a moment to process what happened before making any decisions. Whether a lottery or non-lottery windfall, you should avoid telling anyone, except your significant other, about your win. (With the lottery, unfortunately, some states will disclose a winner’s name.)
“Even if you do not say anything, suddenly buying a massive home or exotic car is tantamount to telling everyone, ‘Hey, I just had a massive financial windfall.’”
Read the full article here.