Powerball reaches $748M. Financial advisors say winners should do this - USA Today
The Powerball jackpot has climbed to $748 million, prompting financial experts to offer advice to potential winners. Key recommendations include maintaining anonymity, securing the ticket, and assembling a professional financial planning team.
Why it matters
Large lottery jackpots attract significant public attention and raise important questions about financial management and wealth protection.
Hear this story Millions of dollars, $748 million to be exact, are on the line tonight.
As lottery players await the Monday, Aug. 3 drawing and the chance that their $2 ticket could be worth nearly three-quarters of a billion dollars, financial planning for a potential jackpot win should be on their mind, especially if they're feeling lucky.
With the prize pot nearing the top 10 largest jackpots in the game's history, having a game plan in place is not only smart, but it's also necessary. Claiming that much money, according to financial experts, will likely draw taxes, grifters, friends and family members.
Therefore, the first and most important piece of financial advice is: "Don’t shout your win from the rooftop," Rob Burnette, financial and investment advisor at Outlook Financial Center in Troy, Ohio, previously told USA TODAY .
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