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What to Do If You Win the Lottery

Posted on Thu, 16 Mar 2017 at 8:02



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There are plenty of articles out there on how to win the lottery, but this one is more focused on what to do after you actually do. If you happen to be one of the lucky winners, you will need a good game plan. Here are a couple of tips to get you started.
The police routinely runs checks on those who win big in the lottery, and the IRS will look into your history. Anything you might be hiding will be likely to come out. Also, the media will often want to interview you, and it's a good idea to make it as boring as possible: you certainly don't want everyone around the world knowing that you have just won millions!

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You will often have the option to take more over a longer payout, but this is actually a worse deal. Taking the larger sum is better because you can immediately put it in the bank where it will start to accrue interest. Calculate these profits before deciding to take a smaller payout spread over a long period of time. It will almost always be better to take the lump sum.

Location of Opportunity or Item

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Chennai, 600017
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