Mostly Cloudy 44°
Tag:

Annuity

News
$1M Lottery Jackpot: Central Mass Has Newly Minted Millionaire $1M Lottery Jackpot: Central Mass Has Newly Minted Millionaire
$1M Lottery Jackpot: Central Mass Has Newly Minted Millionaire This squeaky wheel is well-greased.  The Squeaky Wheel Trust has claimed a $1 million lottery jackpot. A trust allows the winner to remain anonymous.  Related: East Boston Woman Knows How She'll Spend Her $1 Million Jackpot The winner collected the payout by playing the Massachusetts State Lottery's “Lifetime Millions" game, a $50 scratch-off ticket.  They chose to take the lump sum payment of $650,000 (before taxes) rather than the annuity.  Honey Farms at 487 Princeton Road in Fitchburg sold the ticket. The store will get a $10,000 bonus for the sale. 

SHARE

by Josh Lanier
News
$25K A Year For Life: Western Mass Man Wins Lottery Jackpot That Keeps Giving $25K A Year For Life: Western Mass Man Wins Lottery Jackpot That Keeps Giving
Jacky Huang Plans To Pay For His Sister's College Tuition A Western Mass Man recently won a lottery jackpot that will pay him off for the rest of his life.  Jacky Huang, of West Springfield, won the $25,000 a year for life prize as part of the multi-state Lucky for Life game. He matched all five numbers in the June 10 drawing.  He said he played his family members' birthdays for the numbers.  Huang chose to take the annuity payments of $25,000 (before taxes) that will run for the rest of his life, the Massachusetts State Lottery said.  He plans to put the money toward his sister's college tuition.  He bought the ticket …

SHARE

by Josh Lanier
Lifestyle
Life After Lottery: Winners Discuss How Life Changed After Hitting Jackpots; Keeping It Secret Life After Lottery: Winners Discuss How Life Changed After Hitting Jackpots; Keeping It Secret
Life After Lottery: Winners Discuss How Life Changed After Hitting Jackpots; Keeping It Secret The only thing better than winning the lottery is doing it anonymously. There are countless stories of lottery winners who've gone bankrupt in part from empty-handed "friends" or scammers looking for a rich target.  In Massachusetts, winners must divulge their names and pose with novelty checks boasting their jackpot amount unless they create a trust to collect their cash. Attorney David Spillane, a partner at the Quincy-based law firm SKB Attorneys, who's done nearly 100 of these trusts, connected us with some of those winners who chose to keep their paydays a secret to see what life …

SHARE

by Josh Lanier