Beloved Aunt Millie dies and leaves you some cash. Now what? How about a new house? Do you rush out and buy that new car? Unfortunately, a new car is often on the top of the list of purchases.
I am often surprised at the lack of forethought that goes into the decision making process of most Americans when it comes to windfall income. In a recent study conducted by Jay Zagorsky, a research scientist at Ohio State University, data showed that folks who receive inheritance funds only save half of what they receive.
Hopefully, I can clear the air …Read More