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Steps to take
- Don't announce that you won the lottery... to anyone.
- Seek the advice of both an attorney and an accountant.
- Decide on taking either the lump sum or installments.
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Apr 4, 2024 · - ABC7 Los Angeles. PERSONAL FINANCE. Here's what you should do if you win the big Powerball jackpot. Many people dream of winning the lottery, but some may not know what to do if they actually...
Mar 29, 2024 · If a sole winner of Saturday's prize is taxed up to 37% and lives in a state where the only taxes required are federal, they will take home an estimated $283,346,573 from the cash option, according...
Mar 27, 2024 · 1. Evaluate pros and cons of lottery payout methods. You can get out a calculator or use an online tool to crunch some numbers while deciding what is more advantageous for you: a lump-sum payment or an annuity. With a lump sum, the winner receives all the money at once, after taxes are withheld.
- Sharon Waters
Apr 1, 2024 · What to do if you win the lottery RULE #1: Shut The Hell Up. Shut your mouth right now, seriously. Do not tell anyone. Do not tell your boss, your loud-mouthed cousin with the mustache, or even your kids. You can tell 1 person: Your spouse. And then tell them this: Shut The Hell Up. This is your new motto for the next 6 months.
Apr 7, 2024 · To win the Powerball jackpot, you must match six numbers from the Powerball drawing. The drawing takes place every Monday, Wednesday, and Saturday at 10:59 p.m. ET. You can confirm the...
Mar 25, 2024 · One of the first things he advises a lottery winner is to assemble a team to help manage the money. “Get an attorney,” Mahoney said. “Get a financial advisor who can handle that kind of funds and...