How to Spend Lottery Winnings: 9 Steps

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The IRS taxes lottery prizes differently depending on how the winner chooses to get paid You have two choices: lump sum payout or annual

Invest wisely: Whether you take a lump sum or annual annuity payments, it's a good idea to invest some of that money in a well-diversified portfolio of common The odds of winning the Mega Millions lottery are effectively zero, but here's how I'm investing my fortune should I hit the jackpot

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