What You Can Learn From Lottery Winners

Winning the lottery can be a dream come true, but it often ends up being a short-lived one — about 70% of lottery winners go broke within just a few years.

But there’s a silver lining in the financial lessons lotto winners learn the hard way. By identifying common challenges that their stories highlight, we can forgo the need to learn similar lessons the hard way ourselves.

Here are five things we can all learn from lottery winners:

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Silvia Evans
5 Things to Avoid Including in Your Will

We all know the scene: A grieving family gathers in a room for the reading of their relative’s will. It lists who inherits what, and perhaps some detailed instructions for the funeral.

Would you be surprised to learn that this common scene is an unrealistic portrayal of how wills work in estate planning? In fact, misconceptions like this have led many people astray when deciding what to put in their will.

So what is or isn't actually included in a will? Let’s cover five things that shouldn’t go into your will and why.

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Silvia Evans
Annuities and Annuitization Explained

If you have an annuity or are considering adding one to your retirement plan, it can be hard to get a simple explanation of how they work and what they can do for you.

You can always reach out if you have questions about whether annuities are right for you.

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Silvia Evans
A Parent's Guide to Supporting Young Adults

As this trend continues, more parents are providing financial support that they didn’t plan for. In addition to the impact this can have on their own finances, many are unsure how to navigate support in a way that encourages independence.

How can parents help set their children up for success as adults while balancing their financial planning needs?

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Silvia Evans