Advertisement
retirement

8 smart ways to spend a hefty windfall

Retirement » 8 Smart Ways To Spend A Hefty Windfall

What to do with a hefty windfall
Next
1 of 10
What to do with a hefty windfall

It's everyone's favorite fantasy: a nice, huge windfall.

Maybe that scratch-off lottery ticket pays off big, or that dusty vase in the attic turns out to be a collector's item, or that stock you've been hoarding turns out to be worth a bundle.

Suddenly you're sitting on a nice mid-five-figure gift that you weren't expecting, and that's after taxes.

Now what?

Facing this envious dilemma, you might want some savvy guidance. With that objective, Bankrate.com asked several financial experts for their advice for managing a hefty windfall.


advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed, 0 point 4.26%  0.02 4.24%
15 year fixed, 0 point 3.27%  0.04 3.31%
5/1 ARM 3.45%  0.21 3.66%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.39%  0.08 4.47%
50K FICO-based HELOC 4.11%  0.06 4.17%
100K FICO-based HELOC 3.96%  0.03 3.93%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.73%  0.02 2.71%
48 month used car loan 2.97%  0.05 2.92%
60 month new car loan 3.22%  0.05 3.17%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.91% --0.00 0.91%
2 Year CD 1.08%  0.01 1.09%
5 Year CD 1.74% --0.00 1.74%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.67% --0.00 15.67%
Cash Back Cards 16.36%  0.01 16.35%
Low Interest Cards 10.87% --0.00 10.87%
 
Next
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Blog

Jennie Phipps

Working less for longer

Mexican billionaire Carlos Slim advocates shorter workweeks and longer work lives.  ... Read more

advertisement
Partner Center
advertisement

Connect with us