If I Win the Lottery, Here's How I'll Spend My Millions

If I Win the Lottery, Here's How I'll Spend My Millions
·4 min read

The first thing I'll do after winning the lottery is max out tax-advantaged investment accounts that I am eligible to contribute to such as a solo 401(k) and an HSA. Investing as much as possible in accounts that provide upfront tax breaks for contributions will be important because my tax rate will be much higher after becoming a lottery winner. The tax-advantaged accounts that I will be investing in have contribution limits, so I won't be able to put all of my lottery winnings into investment accounts offering tax breaks.