Is the $1.5 Billion Lottery Winner Better Off Under New Tax Law?
by Brian Vnak, CFP, CPA, Vice President, Integrated Advice, Wealth Enhancement Group
Dec 12, 2018
4 minutes
Sometimes luck works in your favor and other times, not so much. Both extremes were on display during October as investors witnessed a 10% pullback in their investments, while one ultra, super-duper, infinitesimally, lucky individual won the Mega Millions lottery worth $1,537,000,000 (that's a billion and a half dollars for those of you who get lost in the zeros like I do).
I know, it's hard to comprehend how big that number is. So what could a person buy with $1.5 billion? It's an impressive list: an NFL team, four Boeing 747s, or even Buckingham Palace, if it were to come on the market. Crazy, right?
What You See Is Not What You Get
A $1.5 billion jackpot makes for a good
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