To mitigate market timing fears, Tom should consider dollar-cost averaging, a strategy that allows him to invest smaller sums consistently over time, reducing risk.
Working with a fiduciary financial advisor is crucial as it ensures that the advice Tom receives is tailored to his interests and not influenced by commissions.
Taking time to assess his overall financial situation can help Tom identify how his inheritance fits into his long-term goals, alleviating some of his anxiety.
Avoiding hasty decisions following an inheritance is essential for long-term financial wellness, particularly in volatile markets that can provoke immediate fear.
#inheritance-management #financial-planning #market-strategies #dollar-cost-averaging #fiduciary-advisors
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