First 5 things to do if you win the Powerball jackpot
If you are lucky enough to win, here are the first five things you need to do, according to financial planners.
1. Protect your ticket
"You do not want to lose that ticket so make sure you have it in a safe spot where you know you can get to at any time," said
2. Put together your financial team
"You almost want to view yourself as a business. You are going to want CPAs and accountants. You are also going to want to have investment advisers across the board," Reilly said.
"Everybody you know is going to come at you and say, hey, I got a million-dollar idea over here. Can you invest?" Darling said.
3. Decide if you want the lump sum or the annuity
Jackpot winners are given a choice between a lump-sum payment or an annuity paid out over nearly three decades.
4. Decide where to put the money
"You can't just put
5. Take a deep breath and know that life is about to change
More people will be eligible for health insurance through Covered California
Here's why Powerball numbers weren't drawn Monday night
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News