Won the Lottery? 5 Tips for Claiming and Managing Your Windfall
- Keep quiet about your winnings to avoid scammers and requests from friends and family
- Get organized and make a plan with a tax attorney, tax accountant, and financial advisor
- Consider remaining anonymous and getting a "fall guy" to say no to requests
- Choose between lump sum or annuity payments based on age, goals, taxes, etc.
- Park the money in a brokerage account, insured up to $4-8 million, until you decide what to do
