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You Won’t Win the Mega Millions Lottery, But Financial Windfall Requires Planning

One lucky individual may have had a life-changing experience this weekend if they won the $1 billion Mega Millions grand prize.

While it’s fun to dream, the odds are so slim that it’s probably more likely that someone will trip over a baseball glove in their garage and die from banging their head on the lawnmower (that’s maybe just my garage). While winning the lottery isn’t in the cards for most people, what can be learned from those rare moments when a wad of cash – albeit much smaller – falls into one’s lap?

First, keep the news close to your vest. Last year, Missouri passed House Bill 402, which allowed resident lottery winners to choose to remain anonymous. Given the national media coverage of such a large payout, staying out of the limelight is an advantage when trying to maintain some normalcy in life. Anyone receiving a substantial sum of money should try to maintain a similar level of anonymity. Whether it’s selling a business, inheriting a pile of cash from Uncle Penny-pincher, or settling a big lawsuit, avoiding the unnecessary dissemination of this information is sure to pay off.

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