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Plenty of considerations have to be made and you'll probably have to do a bit of soul searching.Finally, get a lawyer – ideally someone who has experience working with lottery winners.“Make no major investment decisions for six months,” says Scott Hanson.
And is it a good idea to co … Others want to become rich for financial freedom, independence, and the security wealth provides.1. Most of us don’t have an accountant or a financial adviser and the vast majority of lottery winners are in so-called blue and white collar roles, so are unlikely to be paying for that kind of service until they win the lottery. Bear in mind that this table makes a few assumptions:Here are some of the best ones we've found:Alternatively, you can connect with her company, Blue Ocean Global Wealth, at:Now this is a very simplified view of what could happen to your lottery winnings – failing to take into account fluctuations in interest rates, your yearly expenses, and so on. A dream?
Some of them even have experience working with past jackpot winners so you know they know their stuff. Many states require that you do a news conference and hold up a big check.Life after winning the lottery may not stay glamorous forever. Set a budget. CLICK HERE TO TURN ON NOTIFICATIONS.Take a tip from lawyer and Forbes personal-finance columnist Deborah Jacobs: there is no better investment than paying off your debts.

I’ve published several articles in professional…Really? Hanson McClain Advisors is a planning and investment advisory firm that serves over 4,000 clients nationwide, after all.On the other hand, there are winners who laid low even if their identities were made public. A Long Island financial planner named Ted Agrillo who works with clients who’ve just gotten a large inheritance recommends folks who suddenly come into a fortune, which includes lotto winners, should keep a low profile. The report points out that a financial advisor and a good lawyer can both help protect your assets, by setting up a smart and safe long-term investment plan, and protect the new money you now have. Then we decided what to do with the money.”The same report says that while you might want to grab that money the minute you find out your numbers took the jackpot, it often makes sense to hold off and bide your time before claiming the booty. Interests: Global markets, business, investment strategy, personal success.Getting rich quickly is everybody’s dream. They'll help you manage your wealth and prepare you for the future. Robert Daly / Getty Images. We asked local personal finance experts and Boston.com contributors to tell us some of the advice they would give to their own clients in the event of a winning lottery ticket. John, after all, “admitted to being frightened to travel interstate when everyone knew he was carrying a ticket worth millions in his pockets.”So, just to be safe, here’s some advice from past lottery winners and their advisors on how to handle it when and if you hit the jackpot.Get Morning Report and other email newslettersWhatever you do, if you hit the jackpot, don’t blab. Read about what past winners have done, and what they have to say.

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