Taking Our Lumps

Wagner, Richard B.
February 1998
Journal of Financial Planning;Feb1998, Vol. 11 Issue 1, p40
Academic Journal
This article examines the intangible, non-quantitative aspects of money issues, such as "lump sums." It seems people usually think of large lump sums in technical terms. From the financial planning perspective, nothing compares to large lump sums for sheer, life-altering force upon the lives of affected individuals. Dealt with skillfully and healthfully, lump sums can make the desert bloom. Addressed otherwise, they can be quickly gone, their potency annulled and purpose thwarted. At worst, they leave devastation in their wake. At best, they demand maturity, humility and an esoteric grasp of time in the context of money.


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