You'll want to examine strategies to minimize the amount of taxes you'll pay on your windfall. And even though estate planning¹ may be the last thing on your mind as you contemplate your new financial status, it's important that you start to plan now if you want to be financially prepared for your later years and provide for your loved ones. Before you start spending too much of your new wealth, take some time to analyze your resources and your financial goals. After you've done so, work with professionals to develop appropriate financial strategies to help preserve your windfall.

1 Estate planning services are provided in conjunction with the client's attorney and accountant.

select a solution annuities long term care insurance income management mutual funds trust services

managing an unexpected windfall Select from the solutions on the left to learn how the MassMutual Financial Group companies can help you to manage your newfound wealth. You can protect the value of your windfall while still investing for future growth. Use a variable annuity that offers optional living benefits, which may help protect principal. With the annuity, you may choose from multiple investment choices as well as elect a stream of retirement income that you cannot outlive.1 Assets from an unexpected windfall can be invested into a plan to prepare for unexpected challenges you may face. Help ensure that in your later years, should a long term care need arise, the financial, physical and emotional expenses associated with care services often required for a chronic illness or impairment, have been properly planned for. Newfound wealth, from an inheritance or otherwise, provides you with an opportunity to revisit your retirement strategy. An individual retirement account (IRA) can help you save for retirement by providing the potential for years of tax-deferred growth. Life's unexpected suprises may offer you new opportunities. You may need to reevaluate your financial plans to ensure that they still meet your needs. Mutual funds offer the benefits of professional management and asset diversification that may help support your changing goals. The MassMutual Trust Company stands ready to work with you and your financial, tax and legal advisors to meet the unique needs of your new financial situation. Manage your financial windfall through a well-crafted trust, whether your concerns are related to charitable giving, managing ongoing finances, special needs or estate analysis. 1 Guaranteed death benefits, living benefits and payment of lifetime income are contingent upon the claims-paying ability of the issuing company or companies.

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