Navigating a sudden wealth event: How Goodwin Investment Advisory can help you plan wisely

A sudden increase in wealth can be super exciting, whether from an inheritance, business sale, settlement, stock investment, or lottery win, but it can also feel overwhelming.

You might be wondering:

• “What do I do with this money?”
• “How do I minimize taxes?”
• “How do I protect it for the long-term?”
• “Who can I trust to help guide these decisions?”

At Goodwin Investment Advisory, we specialize in helping individuals and families turn financial windfalls into long-term peace of mind. A sudden wealth event is more than just numbers; it’s a unique opportunity to align your financial life with your values, dreams, and legacy.

What you might be asking right now

“Do I need to pay off debt?”
We help assess which debts to prioritize (credit cards, student loans, car loans, mortgages) and guide you on whether to pay them off or keep cash flexibility.

“How should I invest?”
We’ll work with you to develop a personalized investment plan that aligns with your time horizon, risk tolerance, and new financial goals. Having more money could allow you to create bigger goals or to reach your goals sooner than you previously expected.

“How do I reduce my tax bill?”
Sudden wealth can trigger income, capital gains, and estate tax exposure. We coordinate tax-efficient strategies and collaborate with your CPA or bring in other expert strategic partners to optimize your outcome.

“What should I do with inherited or illiquid assets?”
From inherited IRAs, real estate, and private equity, to collectibles and business interests, we help you evaluate, divest, or incorporate them into your long-term financial plan.

“How do I protect my family and my privacy?”
With greater wealth comes increased visibility. We’ll help you consider additional insurance coverage, asset protection, and privacy-preserving structures (like trusts or LLCs).

How GIA can help you

Comprehensive financial planning
We’ll help to create a retirement plan rooted in your new financial reality that covers cash flow, retirement, charitable giving, estate planning, tax optimization, and more.

Wealth preservation & legacy planning
Whether you want to give, grow, or guard your wealth, we design strategies that honor your goals and values for generations.

Objective guidance
We’re a fiduciary, fee-only firm, which means we act in your best interest and don’t earn commissions from financial products. Our only agenda is your success.

Ongoing partnership
Managing your wealth to meet your retirement goals is an ongoing partnership. We stay with you every step of the way.

Don’t let uncertainty delay your decisions.

If you’ve experienced, or are anticipating a major wealth event, the most important thing to do is pause, reflect, and plan.

Let’s have a conversation.

Schedule a complimentary, no-pressure call with one of our advisors. We’re here to help you take the right next step with clarity and confidence.

Disclosure: Investment advisory services offered through Goodwin Investment Advisory, a fee-only fiduciary firm. This blog is for informational purposes only and does not constitute financial advice. Every financial situation is unique. Please consult a qualified advisor before making decisions.