Lump sums, inheritance and the mistakes that cost you with Dylan Pargiter-Green

Whether it’s an inheritance, separation payout, work bonus or lucky Powerball moment, a lump sum can change your financial trajectory...if you make the right calls. Bryce and Alec are joined by Dylan Pargiter-Green from Bold Wealth to unpack the emotional, practical and tax considerations that come with sudden wealth, and why the best move might be taking a breath before doing anything. If you’d like to speak to Dylan or anyone on our advice network head to https://equitymates.com/advice/ In this episode: 00:00 — Why windfalls matter for investors 03:25 — Inheritances, separation, bonuses and other windfalls 05:58 — Why talking about sudden wealth is so hard 08:13 — Splurging, squirrelling and the biggest windfall mistakes 11:42 — The first smart moves after money lands 16:58 — Tax, wills and why equal assets aren’t always equal 19:49 — Family conversations and inheritance planning 22:52 — SKI: spending the kids’ inheritance 25:35 — Income streams, gifting early and aged care planning 27:50 — Final takeaways: start the conversation early ——— Want to get involved in the podcast? Record a voice note or send us a message And come and join the conversation in the Equity Mates Facebook Discussion Group. ——— Want more Equity Mates? Across books, podcasts, video and email, however you want to learn about investing – we’ve got you covered. Keep up with the news moving markets with our daily newsletter and podcast (Apple | Spotify) We’re particularly excited to share our latest show: Basis Points Listen to the podcast (Apple | Spotify) Watch on YouTube Read the monthly email ——— Looking for some of our favourite research tools? Download our free Basics of ETF handbook Or our free 4-step stock checklist Find company information on TIKR Research reports from Good Research Track your portfolio with Sharesight ——— In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. ——— Equity Mates Investing is a product of Equity Mates Media. Hosted on Acast. See acast.com/privacy for more information.