A windfall involves “coming into a substantial amount of money that maybe you weren’t expecting or that’s a little bit of a surprise,” says Raquel Hinman, certified financial planner and founder of Hinman Financial Planning Inc. in Erie, Colorado. She adds that the amount of a windfall could look different for everyone but includes anything from a lottery win to an inheritance or large end-of-year bonus. So if you’re granted a considerable sum of money like this, here’s what to do.

Source: www.bankrate.com