What to do if your client wins the lottery
Tim Holsworth, president, AHP Financial
Take the lump sum, if, and only if, you have the discipline to invest it wisely and work with a professional manager. Most of the time, winners are broke in just a few years if they take the lump sum. And when you look at investments, look carefully at variable annuities with guaranteed income riders for a portion. They can be a wonderful way to participate in the market, while providing guaranteed income for both spouses.