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This is where you might want to seek wealth management. Google it you will see a few household names that you can trust, if you are in a big city they deal with
by conductr 15y ago
This is where you might want to seek wealth management. Google it you will see a few household names that you can trust, if you are in a big city they deal with these values daily. Have them propose a couple scenarios. Try to only evaluate them on 1) what are they saving you in taxes/fees 2) what are they charging you for their service.
With this amount of cash, you want them to BID for your business. They will do so by offering proposals.
1) this should be easy to evaluate. it's just math. But, they may want to setup some entities to help you take advantage of the tax laws (eg. capital gains vs income).
2) remember they are commission driven and make money by funneling your "cash" into their brokerages and other services. negotiate. this will be highly dependent on what you want to do with the cash once you have it
Hear them out, choose the best solution / provider
- ohashi 15y agoDon't be afraid to make them explain things and definitely shop around. It's money, not magic, so you should be able to understand what you're getting into before you sign. Also, talking to your accountant (assuming you have one) might be a good first step in at least getting recommendations about who to talk to.