Spend that windfall wisely (even if you didn't win the Powerball lottery)

2. What’s the state of my retirement savings?

Max Whittaker/Reuters/File
The headquarters of Calpers, the largest US public pension fund, is seen in Sacramento, Calif., in this 2009 file photo. If you get a sudden windfall, putting it into your retirement account might provide the biggest bang for the buck long term.

A windfall is a great way to boost your retirement fund, especially if it’s looking a bit too skimpy. You could put the money in an individual retirement account or a retirement fund operated through your employer. If you are already contributing to a fund, you can sock away more money. 

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