The Truth About Sudden Wealth Planning with Marshal Scheidt (Ep.34)
Many people would consider being suddenly given millions of dollars a positive thing. But the truth is, oftentimes, this can bring many negative experiences for the recipient.
In this episode, David Pulcini is interviewed by his co-worker, Marshal Scheidt. As a partner at Six Point Financial Partners, Marshal joins David to discuss the reality behind what happens when someone suddenly is given a substantial sum of money, and the facts behind why those people seem to be broke just as quickly as they become wealthy.
David and Marshal discuss:
- The negative experiences that can come with suddenly getting millions of dollars
- What you can do to prepare yourself to use the money in the best way possible for your financial future
- The 4% rule of saving and spending money
- Prioritizing goals with newfound money
- What to do when you inherit an IRA
- Different types of inheritances you may run into
- And more
Resources:
Connect with David Pulcini:
- dpulcini@sixpointfp.com
- SixPoint Financial
- (585) 641-7900
- LinkedIn: David Pulcini
- LinkedIn: SixPoint Financial
- Twitter: SixPoint Financial
- Facebook: SixPoint Financial
Connect with Marshal Scheidt:
- mscheidt@sixpointfp.com
- SixPoint Financial
- (585) 498-1190
- LinkedIn: Marshal Scheidt
- LinkedIn: SixPoint Financial
- Facebook: Marshal Scheidt
- Facebook: SixPoint Financial
About our Guest Host: Marshal Scheidt takes a tremendous amount of pride in helping his clients envision and accomplish their goals. Whether these goals pertain to their financial lives or are personal objectives, he takes a stake in helping his clients grow and improve on many levels.
Graduated in 2015 from SUNY Brockport where he earned a Bachelor of Science degree in Finance, as well as Business Administration with a concentration in Management.
Marshal’s business practice is focused on providing comprehensive financial planning, risk management and retirement income strategies to help individuals find success and peace of mind.
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