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Money Guy Show

What Should You Do With a Large Sum of Money?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.73.1K Ratings

🗓️ 2 May 2022

⏱️ 25 minutes

🧾️ Download transcript

Summary

Is it better to invest a large sum of money all at once, or slowly over a longer period of time? We'll walk you through that question and more in today's Q&A episode! Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:07.0

investing, taxing.

0:09.0

You've got financial questions, he's got financial answers.

0:12.6

It's Brian Preston, the money guy.

0:15.3

Alright, Brian, this is the next question.

0:17.0

This is from a financial princess, a friend of the show.

0:20.4

I've been using turbo tax for years, and my spouse and I are now at a point where you're

0:24.3

ready to hire a tax professional as our financial situation is becoming more complex.

0:29.2

Where do you recommend to find a good CPA and what questions should I ask?

0:33.8

The where's the harder one?

0:35.5

What questions are as interesting?

0:37.1

I would love to hear you speak a little bit though, Brian, to maybe some appropriate expectations

0:44.1

to have when going from being a do-it-yourselfer to hiring a tax professional.

0:48.7

Because I don't know how much turbo tax costs these days, right?

0:51.7

40 bucks for you.

0:52.7

It's pretty inexpensive.

0:53.7

I think it might be free if you're in some aspects.

0:56.7

And so I'm amazed when people, they talk about going to the pair, they're just not prepared

1:01.9

for the change that is there.

1:04.6

You want to talk a little about that transition and you can take this anywhere you want.

1:07.6

When it makes sense, what question to ask, whatever kind of strikes you.

1:11.2

But I'm just so amazed by a lot of times there's this sort of shock when you go from a

...

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