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CNBC

$768 million Powerball ticket sold in Wisconsin—here are 3 mistakes to avoid if you win a jackpot

By Shawn Carter

“When you’re talking about that large of an amount,” says Nick Holeman, a certified financial planner at online-investment company Betterment, “your situation gets very complicated — and 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 March 28th, 2019 on CNBC