MONROE, The. (KTVE/KARD) – What would life be like if you won the Mega Millions jackpot? The Mega Millions jackpot has now reached $1.28 billion, making it the second largest Mega Millions jackpot in history.
KTVE spoke with Michael J. Fulco, a local financial advisor with over 30 years of experience, who says don’t make quick decisions and focus on your long-term goals.
“The first thing I would do is take this ticket, and I would take a million pictures of it. And I would put it in a lot of different places, and make sure you didn’t lose it. Then, try not to tell everyone, because the second you break the news, there will be a lot of people outside your door with outstretched hands, and you won’t be able to focus on what you really need to do. .”
But most important, says Fulco, is having a team of financial experts.
“Find an investment advisor. Get a tax attorney. And you’re going to talk to the people who are going to pay you. And then you’re probably going to be making decisions about how you want to be paid, whether you want to be paid in a lump sum or as an annuity payment.
KTVE asked locals how they would handle the $1.28 billion Mega Millions jackpot.
“Wow, man, I can’t imagine. But, personally, I would take care of my family, especially my mother, my brothers and sisters. And after that, I’m just going to ghost and leave the country,” resident Frankie Powell said.
“I would definitely put myself in school, I support myself a bit. probably invest in the rest and definitely help my sister with her baby she just had, my niece,” said Kylie, another resident.
“I will go to college first, then I will definitely go to concerts and finish my college career,” said Savannah, another local.
Fulco advises being deprived after winning the lottery.
“Try to calm down. Try not to tell anyone until you have all your documents in a row.