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The USWNT insists the goals will come at the Paris Games. Everyone's waiting. The Washington PostRodman touts 'Trin Spin' in new-look USWNT win ESPNThe newest Olympic sports being played at the 2024 Paris Games CBS NewsUnited States women's soccer team gets dominant win in first game of Paris Olympics Fox NewsThe USWNT has arrived at the 2024 Olympics and so has Trinity Rodman and her ‘Trin Spin' The New York Times
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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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Whether you travel often or just take the occasional vacation, a travel rewards credit card can be an excellent companion. With every purchase, you can use a good travel card to collect points or miles that are redeemable for flights, hotels or other travel bookings. And many travel cards come with extra benefits, too, from free entry into airport lounges to statement credits toward application fees for TSA PreCheck and other programs that expedite security screening at the airport.
Take a look at our picks of the best travel rewards credit cards. If you'd rather have a card that offers cash-back rewards, see The Best Cash-Back Credit Cards.
For each card (except premium travel cards), we've calculated a typical annual rebate based on spending patterns in the U.S. Bureau of Labor Statistics Consumer Expenditure Survey and assuming $25,000 spent on the card annually. For cards that do not waive their annual fee the first year, we've subtracted the annual fee from the cash value of the annual rebate. Except where noted, these cards don't charge a foreign-transaction fee.
Best Travel Rewards Credit Cards: No Annual Fee
With these cards, reap points or miles without paying an annual fee.
Chase Freedom Unlimited Visa
Website: www.chase.com Interest rate: 0% for 15 months, then 17.24% to 25.99%
Annual fee: None
Sign-up bonus: $200 back if you spend $500 in the first three months; 5% back on gas station purchases for the first $6,000 spent in the first year
Typical annual rebate: 45,277 points, worth $453
Chase Freedom Unlimited is a compelling no-fee option for domestic travelers who are willing to book tr
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