Some of the most wonderful life events have trap doors underneath: Those stories of lottery winners going broke illustrate the point. Of course, most financial planners will try to sell you on the idea that you should routinely meet with a financial planner. But they’ll also do one-off consultations to handle special issues, typically for fees of $100 or more per hour (usually waived if you become a client), says Howard Levine, of Hanover Financial Group in Stowe, Vt. Special events often act as “a trigger for more comprehensive financial planning,” he says. Here are 13 positive events that could go south if you ignore financial planning.
The opportunity to buy a vacation home