In r/personalfinance, a large settlement triggers legal/medical earmarking concerns, with commenters warning that if funds are intended for future care, spending decisions should be constrained accordingly.
Just signed my settlement what next? I’m 24 and just received about $612,000 after lawyer fees from a settlement.
What was settlement for? Because if that money was earmarked because you have future medical needs then you're probably not going to want to spend that.
Make sure the main purpose of the money is accounted for (I.e if it was for medical expenses, make sure you set that money aside first)
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