#financialwindfall #moneyandmortgages #financialplanning

In this episode, host Adam Coleman chats with Pam Friedman, a Certified Financial Planner™ from Austin, Texas, about the intricacies of handling windfalls—a sudden influx of significant money. Pam shares insights from her years of financial planning experience, discussing scenarios like unexpected bonuses, inheritance, and the financial aftermath of divorce or widowhood. The conversation covers essential steps to take when receiving a windfall, the importance of having a trusted financial advisor, ways to avoid common pitfalls, managing taxes, and making sound financial decisions during emotionally charged times. Pam also highlights useful resources, including her own book, 'Financially Fit Divorce,' providing practical advice for navigating financial changes.

To learn more about Pam's divorce financial planning firm visit: https://divorceplanningofaustin.com/

For Pam's latest book visit: https://www.amazon.com/Financially-Fit-Divorce-Negotiate-Financial/dp/B0BHNC8HTC

00:00 Introduction

00:35 Pam's Background and Expertise01:07 Understanding Windfalls: Definitions and Types

02:24 Planning for Windfalls: The Importance of Financial Advice

05:48 Navigating Divorce and Widowhood

06:45 First Steps in Managing a Windfall

17:26 Avoiding Common Pitfalls

20:45 Final Thoughts

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General Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.

Pam's Disclaimer: Investment advisory services offered through Robertson Stephens Wealth Management, LLC, an SEC-registered investment advisor.