Entering the lottery? Here's what you should do if you win $1.5B

Two people in Georgia won $1M in the Wednesday's Powerball drawing, but the jackpot - a grand prize worth $1.5B and rising - is still on the table. We asked a financial expert what you should do if you win.

[@dayneholt4149]

Something that is seldom discussed is age of winners. If your 70 plus years old your strategy will differ compared to a 30 year old.😊

[@qwho7905]

When a person starts playing the lottery, they should be planning from the beginning. In my opinion, the reason some of the winners end up bankrupt is because the win came unexpectedly, they made first decisions on the fly. Whereas someone who has been expecting to win probably has put some thought into who to call and what to do

[@3Dimensional3]

Estate Lawyer, Financial Advisor, Accountant, Defense Attorney

[@bonniehalf-elven]

Everyone thinks they're smart enough with money, yet too many are broke in five years. You need a tax pro, a financial advisor (though I would not recommend NW Mutual. Don't do your investing through an insurance company.) You will need a lawyer, especially if you're in a state that does not allow you to claim anonymously to see if there's a workaround. You will need more liability insurance, too. Vet these people carefully. Ultimately YOU make the decisions. They are there to advise and implement your strategies.

[@peterfong2241]

Ahahahaha financial adviser, am my own adviser, no one is going to rob me, I already have my plans years ago in tack an waiting on the jackpot !!

[@3Dimensional3]

Very smart, plan ahead

[@Fourtune1]

Don’t go with Northwestern 😂 Get a real advisor from JP Morgan or Goldman Sachs

[@sbsk2526]

The lady said putting a down payment on a house lol 😂.. A billion dollar jackpot winner WONT put any down payment and get a loan and pay loan interests, they will buy the house outright in Cash.

[@moneyaddictassociation9548]

Thank You Father 🙏🏿

[@tif78]

If I win,never get finacial adviser.i will live with the interest then interest can use to help many people who needs help and relatives is the number 1.

[@FranciscoCarcamo-ux7jb]

❤❤❤❤

[@BerachahJudah]

Sign my tickets and take pic

[@munkandbear2818]

And then move to another state where no one knows you.

[@amazon4716]

Move
Change name
No contacts 😅

[@user-ys2wj2mi8c]

Move Monaco 😂

[@Meltzerthestutteringmuppet]

Money money 💰 🤑 💸

[@XANSEM]

MONEY! 💵

[@christiancoronado]

This video is a waste of time