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Social Security's cost-of-living adjustment could be as much as 3.6% in 2027.
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Trump's justice department arrests expert on far right as part of SPLC crackdown The GuardianExclusive: Former employee at Southern Poverty Law Center arrested on fraud charges CNNExtremism expert charged in case targeting Southern Poverty Law Center's use of informants NBC NewsDOJ charges former SPLC employee in superseding indictment against the civil rights group The Hill
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Italy-focused private markets manager Nextalia has held a €1.1bn first close for its second flagship private equity fund, securing one of the country's largest pools of capital dedicated to mid-market buyouts just five months after launching the raise.
The post Nextalia secures €1.1bn first close for second flagship buyout fund, platform tops €3.4bn AUM appeared first on AltAssets Private Equity News.
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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.
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
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