What to do first if you win the $1.5 Billion Powerball Jackpot

    Telemus In the News
    | November 28, 2018

     

    You just won more than a billion dollars. It's probably the greatest thing to ever happen to you. But, it can also be one of the worst things to happen to you if you don't know what do next.

    Coming into a large sum of money can solve nearly every financial problem you have. It's a dream for many. It can also be overwhelming, and a lot of people make big mistakes that cost them their fortunes. So, what do you do first?

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    Lyle Wolberg

    Lyle is one of the founding Partners of Telemus and is responsible for working with some of the firm’s largest relationships. As a former Financial Advisor at Merrill Lynch and Senior Vice President–Investments at UBS Financial Services, Lyle has more than 30 years of industry experience across all facets of financial wealth planning and investment management.

    Lyle Wolberg lwolberg@telemus.com

    PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS. Investment decisions should always be made based on the client's specific financial needs, goals and objectives, time horizon and risk tolerance. Current and future portfolio holdings are subject to risk. Risks may include interest-rate risk, market risk, inflation risk, deflation risk, currency risk, reinvestment risk, business risk, liquidity risk, financial risk, and cybersecurity risk. These risks are more fully described in Telemus Capital's Firm Brochure (Part 2A of Form ADV), which is available upon request. Telemus Capital does not guarantee the results of any investments. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, and may lose value.

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