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Benzinga
Benzinga
Business
Margaret Jackson

'It's Going to be Worth a Thousand Dollars, or Whatever It Is, Five Hundred Bucks.' Dave Ramsey Tells A Couple What To Do After Winning The Lottery

Lotto,Ticket,With,Pencil,On,Wooden,Table

When a Chicago woman called in to The Ramsey Show for advice on what to do after winning $1 million from a scratch-off lottery ticket, the financial guru's message was clear: Consult a financial adviser before spending any of it. 

Show co-host Dave Ramsey walked Sarah, who chose the lump-sum payout of $600,000, through the tax implications of her windfall, concluding that she would wind up with about $426,300 after withholdings.

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