|
Oil Selloff Deepens as Iran Deal Spurs Brent's Fifth Daily Loss Yahoo FinanceDeal or no deal, oil prices will stay high for months The EconomistBrent falls below $80 per barrel on report U.S. will allow Iran to sell oil immediately CNBCView / Hormuz will never really be open again Semafor
|
|
Traders expect buoyant American economy to keep Fed from cutting rates despite oil price fall
|
|
Trading Day: US stocks mixed, oil slides, SpaceX continues its ascent Yahoo FinanceDow climbs above 52,000 for first time as oil prices fall, but tech sell-off knocks down S&P 500: Live updates CNBCMarkets News, June 16, 2026: Dow Hits Record as Chip Stocks Lead Tech Lower; SpaceX Stock Soars on Cursor Deal InvestopediaSpaceX set to leapfrog Amazon to become world's fifth-largest company Financial Times
|
|
Also in today's newsletter: Bank of Japan raises rates to 1%, and India temporarily blocks Telegram
|
|
Nasdaq and S&P 500 slip while Dow hits record close ReutersDow climbs above 52,000 for first time as oil prices fall, but tech sell-off knocks down S&P 500: Live updates CNBCMarkets News, June 16, 2026: Dow Hits Record as Chip Stocks Lead Tech Lower; SpaceX Stock Soars on Cursor Deal InvestopediaDow Hits High, Techs Fall, SpaceX Cut Gain; Warsh's Fed Debut Due Investor's Business Daily
|
|
Dow climbs above 52,000 for first time as oil prices fall, but tech sell-off knocks down S&P 500: Live updates CNBCStock futures are little changed as Wall Street gears up for Federal Reserve rate decision: Live updates CNBCStock market today: Dow rises, S&P 500 and Nasdaq drift ahead of Warsh's first Fed meeting as chair Yahoo FinanceMarkets News, June 16, 2026: Dow Hits Record as Chip Stocks Lead Tech Lower; SpaceX Stock Soars on Cursor Deal Investopedia
|
|
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.
SEE MORE How Much of Your Estate Will Be Lost to Taxes?
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
|
|
