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Cash Settlement from Lawsuit

By Terry Savage on January 28, 2017 | Wild Card

Hi Terry, What is the best way to invest a fairly large cash settlement from a lawsuit? Thank you!!

Terry Says

That depends on a lot of factors -- your age, your current financial situation, your ongoing need for the money to care for an injured person, perhaps?  If you want to send me an email (Terry@TerrySavage.com) giving more of the details, I will try to point you in the right direction.  In the meantime, the money belongs safely in the BANK.  I'm sure your attorneys will have taken their cut immediately.  And you should find out whether this amount is taxable -- and keep in mind that if it IS taxable to you, the entire amount (including attorney's fees) might be subject to taxes!!  So you definitely need tax advice as well as "investment" advice.

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