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CNBC

3 mistakes you shouldn’t make if you win the $1.6 billion Mega Millions jackpot

By Shawn Carter

“When you’re talking about that large of an amount,” Nick Holeman, a certified financial planner at online-investment company Betterment, tells CNBC Make It, “your situation gets very complicated, very quickly. You’ll be subject to higher rates of taxes, your tax deductions get phased out … and you have new taxes that you weren’t even subject to before.”

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This article originally published October 22nd, 2018 on CNBC