How to Invest Your Money if You Win the Lottery

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As mentioned, the annuity option means you'll receive a check every year with another, slightly larger portion of your lottery winnings While

Commissions to Lottery Retailers: About 5% of Total Prize A small portion of the winnings will go to the retailer who distributed the winning The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

gif slot Kurt Panouses, a seasoned lottery lawyer from Florida, told ABC News that many of his big-winner clients are grateful they kept their winnings work Selling Either way, be prepared for a huge tax bill yourself Lottery winnings are taxed as income The federal tax on big winnings nears 40% And, of