| BUSINESSWEEK ONLINE : MARCH 1, 1999 ISSUE | ||||||||
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| PERSONAL BUSINESS
You're Rich. Now What? WHAT TO DO -- Put the money in a CD or other safe instrument, then invest the bulk of it. -- Hire a certified financial planner or other trusted adviser. -- Check out your options' tax ramifications before cashing them in. -- Think about priorities: College for the kids? Retirement? WHAT NOT TO DO -- Blow it on houses, cars, vacations, and luxury items. Even millions won't go far once the IRS takes its share. -- Call your cousin the accountant for help with your $2 million windfall. -- Instruct your broker to exercise options and sell stock before talking to your planner. -- Quit your job. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
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