What is your advice to Megamillions lottery winners?

Today two winners will split the massive $636 million powerball lottery jackpot.

This sudden massive windfall to anyone will be a lot to bear.  We all have heard many stories of the unhappy downfall of so many other lottery winners.

What advice do you have for these new lottery winners?  If they were to meet with you, what advice would you give them?  Not just about money but also about life.

So many people will be calling them asking for a handout, to donate to charity, to invest in a new business for their cousin…  What can they do to stem the tide of the onslaught without alienating every friend and relative that they have?

Here’s a link to one of the stories about the latest winners:

http://www.ajc.com/news/news/local/winning-mega-millions-ticket-sold-in-buckhead/ncNjj/

 

About Tim Turner

As founder of Torrid Technologies, Tim is an expert in retirement and financial planning with over 20+ years experience designing software for companies like AXA, TIAA-CREF, Pacific Life, Sun Life, The MONY Group, Sentry Insurance, The Hartford, MassMutual, LPL and many others.

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