Ask Paula: What to Do with a Six-Figure Windfall?
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Optimizing Windfall Investments in a Taxable Brokerage Account
This chapter explores the benefits of investing a windfall in a taxable brokerage account rather than paying off a mortgage, citing reasons like flexibility, potential growth through market investments, and the importance of aligning windfalls with long-term financial goals. The dialogue emphasizes the value of compounding and prioritizing future needs over immediate gratification in financial planning. It discusses strategies for earmarking windfall money for specific goals while maintaining flexibility for unforeseen circumstances.
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