What financial experts say to do if you win the lottery

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For example, if you would normally spend $150 each year on lottery tickets, consider putting that money instead in an investment that yields an 8% return Over

Minimizing Your Tax Burden · Annuity Payments: Spreading your winnings with an annuity can mean lower annual taxes compared to a lump sum · Charitable Donations: Lump sum or annuity? · Document that the winning ticket is YOURS · Don't tell anyone yet! · Get a lawyer and a financial adviser · Do you take the

no deposit poker bonus 2023 2 As the winner, you'll be liable for taxes on the whole prize even if others come along (though you may be able to defray that cost by getting them to pitch in Learn about your options for investing your money if you win the lottery and why it's a smart move to hire a financial pro