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The surge in optimism contrasts starkly with continued energy supply challenges that threaten long-lasting economic harm — and a market reckoning.
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Record US drought sparks worries about fires, water supply and food prices AP NewsRecord U.S. drought sparks fears about wildfires, water supply and food prices CBS NewsWhere Are April Showers? Nearly Half Of U.S. Population In Drought ForbesWhat the shifting drought pattern means for the summer ahead Times Union
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Most companies are raising prices. PepsiCo cut theirs.
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The Jet-Fuel Surge Is Making Global Flight Connections Disappear BloombergJet fuel supplies are lagging. What does that mean for airlines and travelers? AP NewsCould Jet Fuel Shortage Cancel Your International Flight This Summer? Here's What To Know ForbesEurope has 'maybe 6 weeks' of jet fuel left amid Hormuz blockade, energy agency chief says Fox Business
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It's no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.
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I often work with people in many different age groups who have suddenly become wealthy as the result of a windfall inheritance. While there is a need to develop a comprehensive financial plan, it's not the first step. Instead, I try to determine each person's starting point with money. Many people fall into one of three categories:
They are anticipating how they will handle their wealth, but the money hasn't yet arrived.They have their inheritance — often several million dollars — but they are still grieving the loss of a loved one and are looking for guidance on next steps.
The inheritance has been in their bank account for a long period, but they still lack direction and can't make any decisions.
It is important to listen to each person's personal story with a windfall of money. Losing an important person in your life is difficult, and reflecting on the impact that person made is just as important. Many people express a desire to do something to honor a parent's wishes.
Figuring out how to make the best use of an inheritance
Here is how I generally approach these conversations to help a person make the best use of their inheritance:
Define their relat
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