Right now the Mega Millions lottery is up to $1.6 Billion! Take a look at these tips to not let winning the lottery ruin your life.
- Take the annual installments: Why pay Uncle Sam up front?
- Hire a good estate lawyer: Wills and trusts will need to be drafted immediately.
- Stay anonymous as long as possible: There will be lines of people looking for handouts including family and friends.
- Take an immediate long vacation: Hope that interest dies down by the time you return.
- Hire a financial planner: You would be surprised how many lottery winners are broke inside of 5 years.
- Give to charity: It’s the right thing to do and can help with badly needed write-offs.