Displaying 8 results
More money, more problems: What to do if your client wins Powerball
Four years ago, a financial adviser got a call from a prospect who did not want to disclose any information over the phone. At the in-person meeting, the woman and her husband told the adviser that she had won a $1.2 million jackpot.
How not to handle your lottery jackpot
Winning the lottery seems like a fairy tale, but it's easy for instant millionaires to lose it all.
Your clients just won the lottery. Now what?
With large sums of money, there's no need for excessive risk with investments.
Odds are, the $700M Powerball winner will need lots of advice
A good financial adviser — or, better yet, a team of them — would provide a sense of perspective and calm that would hopefully prevent this winner from following in the footsteps of so many past winners who wound up broke in just a few years.
Windfall’s pitfalls
After pocketing a $1 million Make Me Rich jackpot last fall, Detroit-area lottery winner Amanda Clayton is getting a trial-by-fire lesson in the challenges of having wealth.
Asset managers who won $254M lottery making shrewd moves
Choosing a lump sum instead of annuity a smart decision, says estate expert; setting up trust protects heirs.
Controversial lottery winner’s luck running out fast — will fortune follow?
Clayton makes several missteps after hitting $1M jackpot, including bad financial decisions, says one adviser
Tax Watch: Couple takes their lumps after winning lottery
A couple who traded a portion of their annualized lottery winnings for a lump sum from a finance company found out the hard way that the lump sum is ordinary taxable income.
