What to do if your client wins the lottery
Peter Shieh, senior wealth adviser, Citi Global Wealth
As an adviser, I would recommend most people take the annuity payments, lump sum could grow to a bigger amount over time, but most past winners lose it all within five years. First piece of advice is protect yourself and stay safe. Creditors and predators will come out of nowhere trying to get a piece of the action. Be low-key and avoid being the target as much as possible.