SGL Live on WGN 9 News – Lottery Winnings: Cash vs. Annuity

The Powerball jackpot recently reached record-breaking levels, creating a wave of excitement across the country. While you may not have hit the winning numbers this time, our very own Steve Lewit joined WGN 9 News to share expert tips on what to do if you ever find yourself holding the lucky ticket.

• If you win the lottery, take time to meet with trusted financial, tax, and legal professionals before announcing your news or making major purchases.
• Consider using your winnings to build long-term security by saving for retirement, funding education, paying down debt, or supporting reputable charities.
• Rather than rushing to quit your job, focus on creating a solid financial plan, living within your means, and making smart choices so your money lasts.