In the article “5 Ways Financial Experts Would Use a $1 Million Windfall Right Now,” journalist Gabrielle Olya explores how top financial professionals would strategically allocate a sudden $1 million influx. The piece, featured in both YahooFinance and GoBankingRates, highlights smart, tax-efficient, and diversified approaches to making the most of unexpected wealth.
Chief Investment Officer & CEO of R.W. Rogé & Company, Inc., Steven Rogé, shared a disciplined and multi-layered strategy that reflects his firm’s comprehensive approach to wealth management. He emphasized the importance of first maximizing every available tax-advantaged opportunity, such as Roth IRA and HSA contributions, as well as advanced strategies like the “mega backdoor” Roth. He also discussed funding 529 college savings plans through front-loaded contributions to benefit from long-term tax-free growth.
Steven underscored the role of liquidity and diversification in preserving and growing wealth, suggesting that a portion be kept in high-yield savings or money market accounts for stability, while the majority be invested across global equities with small, strategic allocations to gold, managed futures, and even bitcoin as inflation and currency hedges. His insights serve as a practical roadmap for balancing opportunity, discipline, and future readiness when managing a windfall.
Click here to view the full article.
For tailored guidance on managing your wealth or questions about investment strategies, please contact our team of CERTIFIED FINANCIAL PLANNERTM (CFP®) professionals for a complimentary discovery call at 631.218.0077, or click here. We would be happy to show you how our financial planning process can help you stay on track and achieve your financial goals. You can also send us a message directly.
R.W. Rogé & Company, Inc. is an independent, fee-only financial planning and investment management firm serving clients locally and virtually across the country, with Long Island, New York, and Beverly, Massachusetts office locations. R.W. Rogé & Company, Inc. was founded on a “client first” culture and proudly commits to acting in your best interest as a fiduciary. We have helped clients Plan, Achieve, and Live® the life they want since 1986. To learn more about how we do this, as well as our process, explore our detailed overview of services and approach.
