Gadgetory

so your company's gone public or been acquired now that you've added some zeros to your bank balance what's next experts say newly minted millionaires should follow three simple steps plan diversify and take a very close look at taxes Uncle Sam is going to want his cut just ask facebook co-founder Eduardo Saverin who's getting heat for renouncing his US citizenship presumably to avoid hundreds of millions in taxes you have savings bonds in two different places don't run for the border but seek a tax expert who can help with some common sense legitimate strategies next remember lessons learned from the first calm boom and the recent financial downturn you know goes back to the to the importance of diversification making sure that no matter how hopeful or depressed you are about the prospects of both Silicon Valley and investing in general that you make sure you ride a middle ground finally be prepared for ambulance chasers your phone will buzz with calls from people wanting to manage your money you'll want to pick a financial adviser over a broker if your broker you're a salesperson and you're paid to sell whatever that firm wants you to sell you push products if you're an advisor you have a legal duty a fiduciary obligation to your client to act in their best interest not in your own you should bet anyone you're considering hiring thoroughly in San Francisco I'm Sumi das cnet.com for CBS News