Welcome to Mindset! This is a show that is dedicated to honest, inspiring and thought-provoking conversations about money.

Winning the lottery feels like the universe just handed you a golden ticket to Easy Street—until you take a closer look and realize it actually comes with fine print the size of a CVS receipt. Yes, you may have imagined yachts, mansions, and dramatically quitting your job, but the truth is… Between taxes, fees, long-lost "relatives," you're not going to keep nearly as much of that jackpot as you think.

On this episode we're talking about a few smart steps to take to make sure you actually keep your winnings. And the best part? These lessons don't just apply to lottery winners—anyone expecting a big payout, like a pension lump sum, can use the same strategies to protect their money and avoid becoming the star of a financial horror story.

Show Highlights Include:

• The story of Brad's dad winning the lottery (3:15)

• Pensions work the same way (5:30)

• Cons of annuity...no control over the money (10:30)

• Age can matter when choosing lump or annuity (13:30)

• If you win don't buy anything right away (17:00)

Listen Now!

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