What To Do When You Win The Powerball Jackpot

(Photo by William Thomas Cain/Getty Images)

(Photo by William Thomas Cain/Getty Images)

Larry-Richert Larry Richert
Since September of 2001 Richert has hosted the KDKA Radio Morning Ne...
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PITTSBURGH (NewsRadio 1020 KDKA) – Okay, we all know you have the winning Powerball ticket. Can you give us a little love after you win?

In exchange, we’ll give you some free advice on what to do with the $500 million you’ll suddenly have in your bank account. There’s a lot more involved with winning then just handing the State your ticket.

KDKA-AM’s Larry and John talk to CBS MoneyWatch’s Jill Schlessinger about what you should do when you realize you’ve won the Powerball jackpot.

She talks about the pitfalls and warnings on how to protect your money, as well as what you should do as soon as you win.