Experts Blogs

Now that all the mega-lottery winners have stepped forward, the overwhelming odds are you didn't win. Americans spent $1.5 billion in their quest to win the jackpot, fantasizing about how they would happily spend the $656 million to be paid out to the winner. As it happened, there were three winning tickets so the final after-tax take home for each will be about $100 million. Still, nothing to sneeze at. Are you wondering how winners have fared in the past? In many cases, not so well. Over 1/3 were in serious financial trouble within five years, some facing bankruptcy. Others saw...