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How do I make the most of my lottery winnings?

Here are some steps to take to make the most of your lottery winnings. 1. Take your time and make a plan The winning ticket is still in your hand, and you’ve checked the numbers about 20 times. Yes, you are in fact the winner. ...

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Speaking with professionals who specialize in managing wealth is the most important step you can take after winning the lottery. A financial planner, along with a lawyer and a tax specialist, can be part of a trusted team that will help you navigate your newfound wealth. Paying for expert advice might feel unnecessary. ...

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Ultimately, there are three routes you can take to investing your lottery winnings: hire a professional, do it yourself or use a robo-advisor to do the investing for you. Each approach can be effective, so the best choice depends on what works for you. A key consideration is how much time you’re willing to dedicate to managing your investments. ...

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