Is the $1.5 Billion Lottery Winner Better Off Under New Tax Law?

Comparing the payouts under old tax laws and the Tax Cut and Jobs Act could be an eye-opening exercise for the rest of us.

(Image credit: adventtr)

Sometimes luck works in your favor and other times, not so much. Both extremes were on display during October as investors witnessed a 10% pullback in their investments, while one ultra, super-duper, infinitesimally, lucky individual won the Mega Millions lottery worth $1,537,000,000 (that’s a billion and a half dollars for those of you who get lost in the zeros like I do).

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Brian Vnak, CFP, CPA
Vice President, Integrated Advice, Integrated Advice, Wealth Enhancement Group

Brian Vnak is Vice President, Wealth Enhancement Group, advising clients on income, gift, trust and estate tax issues.