Many believe that after wining the lottery, the only tough choice you’ll ever have to make again is whether to receive your winnings as a lottery annuity settlement, or as a lottery lump sum payout.
That, unfortunately, is not true. There are still many other things that winners need to be cautious of. Here are just a few.
If your state allows you to, you’re going to want to remain anonymous if you win the lottery. Nothing will make you a more obvious target for burglars than an announcement that you’ve recently come into some very large lottery payments. It won’t matter if you get an annuity or a lump sum if you wind up getting robbed, after all.
Seeing a Tax Pro.