Tips For After You Win A Jackpot

You can very well get lost in playing the lotto. You could keep playing, and one day hit the big one. A six figure jackpot could be grand, but are you ready for what is going to come with that? You may not realize this, but a lot of winners end up going broke, or losing a lot of family, friends, and more just by winning. Are you ready to win?

Take a moment to take a few tips to heart in regards to winning a big jackpot. The following are just some common sense ideas that you should consider in regards to winning the lotto, so that you’re not hounded by what very well may be waiting for you on the other side of victory.

Don’t Tell Everyone

Keeping things quiet is a good thing. Don’t tell everyone that you know that you’ve won. In some states you can even be anonymous. If you must, be smart about who you want to speak to about your win, and even consider hiring a spokesperson to speak on your behalf to the media, because you will get noticed, a lot.

Annuities Can Help You Out

Do not take the lump sum. It’s tempting to go forward with, but it’s not a good thing. Annuities mean that you will get paid over the course of several years, and possibly many years. Instead of getting a lump sum, you will be able to gain the upper hand over time. Annuities will ensure that you don’t blow all of your winnings within the first year, which is what a lot of people do. Don’t spend it all, get an annuity, and you can ensure that you are not going to get it all at once.

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