Presuming you beat the unbelievably long odds and actually win the Mega Millions $1 billion jackpot, there are a few important decisions you have to make regarding the money — but before anything else, one expert recommends something simple: Do nothing
Berman says the first thing to do if you miraculously end up holding the winning Mega Millions Ticket is quite simple: do nothing. Even when conventional advice is to put money to work.
Cashing in the winning ticket can wait while you take time to find a lawyer and a tax professional, Berman suggests — but then you've got some decisions to make. The first may be how to claim your winnings."You want to try your best to not make yourself more public than you have to be," he said.Forty-five states plus Washington, D.C., participate in the Mega Millions drawings. Find out which state has hit the jackpot the most and what numbers seem to come up most often.USAmega.
The real question regarding lump sum vs. annuity: Is it realistic to think you'd be disciplined enough with a lump sum worth hundreds of millions?
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