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Dice Financial Services Group
1716 N. Sanborn Blvd
Mitchell, SD 57301
Phone: 605-996-7171
Toll-Free: 800-658-3603
Website: www.dicefinancial.com
September/October 2025
Preserving an Inheritance
A sudden inheritance can catch you off guard. One minute your life is status quo; the next minute, you have additional assets to plan for. While it may be tempting to spend your windfall, take a step back. Reckless spending has decimated many an inheritance, so sit down with your financial professional to develop a plan for managing and preserving your wealth. Here are a few ideas to get started.
Stash the cash in a money market account or other short-term investment until you have a plan in place.
Create a saving and investment plan. If you don't have an emergency fund with 6-to-12 months of living expenses, start there. Invest extra money in investment vehicles that reflect your time frame and risk tolerance.
Pay off personal loans and credit card debt, and don't run up new debt.
Plan a legacy that leaves wealth to your loved ones or to charity. An estate planning attorney can help you navigate the options to minimize any tax bite.
Splurge just a little. Setting aside some money to spend on yourself can keep you from feeling deprived.
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Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Insurance Services offered through Dice Financial Services Group.
Dice Financial Services Group and LTM Marketing Solutions, LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Marketing Solutions, LLC, an unrelated third party. Articles are not written or produced by the named representative.
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