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  • Also, winners are frequently able to invest in assets like retirement funds or real estate, which can safeguard their financial future and yield long-term advantages. But it's imperative that winners use caution & foresight when handling their newfound wealth. Many people who suddenly find themselves wealthy might not be ready for the responsibilities that come with it. Financial advisors frequently advise drafting a thorough financial plan that addresses budgeting, prudent investing, and the tax ramifications of lottery winnings.
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