Do This First If You Win The Mega millions Jackpot Powerball.

what to do if you win the lottery? what to do when you win the mega millions?

📖 📚Real Estate Investing book: 👉🏾 https://www.amazon.com/Real-Estate-Drive-Jermaine-Young-ebook/dp/B07ZML9KFB/ref=sr_1_1?crid=P1HD502JXT5Q&keywords=101+real+estate+drive&qid=1578608131&sprefix=101+real%2Caps%2C126&sr=8-1
💰Get $30 IF you deposit $100 with M1 Finance: 👉🏾https://m1.finance/LquV9-pj-0QI
💳 Apply for A Chase Freedom Card: 👉🏾https://www.referyourchasecard.com/18/X889O0OIPA
💳 Apply for A American Express Card: 👉🏾 http://refer.amex.us/JERMAYQ2eN?XLINK=MYCP
☎️Jermaine on Instagram link:👉🏾 https://www.instagram.com/realjermaineyoung/

The Powerball jackpot has jumped higher. The top prize is now $730 million — the six-largest in lottery history — following no ticket matching all numbers drawn Saturday night. And Mega Millions’ jackpot, at $850 million, is the third-largest jackpot ever. The next drawings are set for Tuesday (Mega Millions) and Wednesday (Powerball). The odds of winning either game aren’t in your favor: The chance of a single ticket matching all six numbers is 1 in 302 million for Mega Millions and 1 in 292 million for Powerball. Nevertheless, it’s still worth considering how you’d handle such a windfall if you were to beat the odds. Jackpot winners usually get six months to a year to claim their prize, depending on the state where it was purchased. This generally means that rushing to lottery headquarters isn’t necessary. In other words, winners should take a deep breath. Big money equals big emotions Whoever ends up hitting either jackpot should be prepared for a rollercoaster of emotions. Experts say that once the initial excitement of winning the jackpot wears off, the magnitude of their windfall can settle in. “For anyone experiencing newly created wealth … there are feelings of dislocation and a sense of being overwhelmed,” said Valerie Galinskaya, a managing director and head of the Merrill Center for Family Wealth. Of course, you don’t have to go it alone. Given the sheer size of these jackpots, winners should assemble a team of experienced professionals — including an attorney, CPA and financial advisor — to help them navigate the windfall. “You want to hire the right advisors who can provide not just good advice, but advice that’s tailored to your needs and wants,” Galinskaya said. Protect your ticket and identity You should make a copy of your ticket, put it in a safe place — i.e., a lockbox or safe deposit at a bank — and resist the urge to share your news with everyone in your life. “Don’t blab to people about it right away, except for your immediate and trusted family,” said certified financial planner Jim Shagawat, a New Jersey-based partner advisor with AdvicePeriod of Los Angeles. Additionally, you should shield your identity when you claim the jackpot, if possible. While the standard advice is to sign the back of the ticket, this could interfere with remaining anonymous if state laws let you create a trust or limited liability corporation to claim the windfall instead of doing so in your own name. For the $850 million Mega Millions jackpot, the cash option — which most winners choose instead of an annuity — is $628.2 million. Before the money gets to you, however, 24% — or $150.8 million — will be withheld for federal taxes. You also could count on owing a lot more to Uncle Sam due to the highest marginal rate of 37% applying to income above $523,600 for individual tax filers and $628,300 for married couples filing jointly. State taxes also are typically due.

I am not a financial advisor. The ideas presented in this video are personal opinions and for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.

#Lottery #MegaMillions #Powerball

Видео Do This First If You Win The Mega millions Jackpot Powerball. канала Jermaine Young