Mega millions drawing reaches $681M: What to do with your winnings if you're the lucky winner

Published: Sep 03, 2024 Duration: 00:01:04 Category: News & Politics

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costs $11. There's an estimated 681 million dollars jackpot up for grabs tonight. 22 news spoke with a financial expert on how to protect your earnings. If you're the lucky Mega Millions winner, according to financial expert Mark Teed, the first step is to hire a lawyer to protect your identity. Next, it's important to consult with a financial expert to determine the best ways to invest your winnings. Tiede suggest distributing some of the money to charities or cause is that are important to you before creating a budget for your remaining funds. He says this will help ensure that your winnings or put to good use and will also prevent overspending. >> Well, you can certainly put it into annuities, which stack stuffer things. But how old you are, if you're young, you probably want to protect it to a course. You want to live on some in couple. You want to put it up in a spot where you don't really ever have to pay taxes on it. >> If this jackpot is hit, it

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