PHILADELPHIA (CBS) – The jackpot of the next Powerball drawing has already surpassed $1.4 Billion. On Talk Radio 1210 WPHT, Chris Stigall asked financial analyst Steve Cordasco about the ramifications of winning a ready-made fortune.
Cordasco said if you are lucky enough to win, surround yourself with people that have experience handling large amounts of money.
“You need to hire a team…Who is your team going to be? That team should consist of somebody who can be your financial person. You need to hire a good tax attorney…You’d be surprised, some people of sound mind take advice and know how to hire a team. Other people who’ve won big, big lotteries have gone absolutely over the edge.”
Listen to the entire interview with Cordasco in this CBSPhilly podcast: