Financial Advisors Offer Tips to Powerball Winner

By: Associated Press Email
By: Associated Press Email

Associated Press Release


TALLAHASSEE, Fla. (AP) -- For the winner of the historic $590 million Powerball jackpot, it will be crucial to assemble a good team of advisers.

That's according to more than 20 financial planners contacted by The Associated Press.

They say the person will need to hire a good lawyer, followed by a financial adviser, an accountant and a therapist.

The winning ticket in Saturday's drawing was bought in Zephyrhills, Fla. The winner has 60 days to claim the biggest jackpot in Powerball history.

The financial planners also say the winner should allow for small splurges, but overall not spend too fast.

With sound investments, the winner could easily live off interest from the winnings.

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