30 Aug 2023

Personal finance: What to do with a windfall?

From Nine To Noon, 11:45 am on 30 August 2023
Happy piggybank

Winning money can happen in a variety of ways - but what are some of the things you need to consider if it happens to you? Photo: Pixabay

So you didn't win $37m on Lotto - but that doesn't mean you won't get lucky.

Every week some Kiwis receive large inheritances or relationship property settlements or find themselves with large amounts of cash after selling a business. But that doesn't mean your worries are over - they might just be different.

Large sums of money can create fear and uncertainty; how should it be spent or invested and who do you trust? Money expert Liz Koh joins Kathryn to talk through some of the things to consider.

Liz Koh is a money expert specialising in retirement planning. The advice given here is general and does not constitute specific advice to any person.