I think I may have a general guess as to the answer of this question, but I received notice I'll be on the receiving end of a large cash payout from a class-action lawsuit. The amount is more than I've ever had at one time by far and I have no clue of what to do with it.
1. I want to mitigate my taxes I'll have to pay on the sum.
2. I plan to use a large chunk of it for a down payment on a home.
3. I also plan to use part to help fund my own business while I'm headed into military retirement.
If anyone could help or point me in a direction to get answers to these trivial question for an average income kind of guy, that would be great.
Thanks in advance.
