Posted on Jan 10, 2023
Mega Millions jackpot tops $1B: What to know if you win
2.12K
13
4
3
3
0
Some good advice for that lucky person!
Did you get your ticket?
Did you get your ticket?
Mega Millions jackpot tops $1B: What to know if you win
Posted from foxbusiness.com
Lottery
Money
Decisions
Management
Posted >1 y ago
Responses: 2
3
3
0
Being older, I recommend taking the cash up front. You walk away, from what I’ve read, with a little less than 1/2 after taxes etc. If you take the annuity I understand the annuity is not transferable, so you win and get hit by a car and die. that ends the annuity payments. Getting expert advice is very wise. You may choose to pay off a child’s $50,000 student loan but a gift that size is taxable income and create tax problems for you child. You can always buy an annuity later. These are my feelings.
(3)
(0)
SFC (Join to see)
Very good advice. If I were so lucky, I would immediately consult a tax attorney to find the best way for passing wealth to my children and grandchildren.
(0)
(0)
3
3
0
Think about how you want to take the money and then what you would do with it.
(3)
(0)
Read This Next
Continue with Facebook 
Continue with Google