39. Sudden Wealth Syndrome

from Retiring Today · host Merkle Retirement Planning

What would you do if you won the lottery tomorrow? How would your life change? It may seem glamorous to win the lottery or dream of a giant lump sum of money but the reality is, people who win the lottery are typically not accustomed to handling large sums of money given to them immediately and a whole host of problems can arise. The same logic can apply to those people who inherit large sums of money from friends or family members. In this episode of Retiring Today, we will cover how to keep your loved ones from Sudden Wealth Syndrome.  Show Notes: 20 Lottery Winners that Lost Every Penny

What this episode covers

What would you do if you won the lottery tomorrow? How would your life change? It may seem glamorous to win the lottery or dream of a giant lump sum of money but the reality is, people who win the lottery are typically not accustomed to handling large sums of money given to them immediately and a whole host of problems can arise. The same logic can apply to those people who inherit large sums of money from friends or family members. In this episode of Retiring Today, we will cover how to keep your loved ones from Sudden Wealth Syndrome. Show Notes: 20 Lottery Winners that Lost Every Penny

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39. Sudden Wealth Syndrome

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This episode is 31 minutes long.

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This episode was published on September 25, 2020.

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