Winning The Lottery Is A Blessing And A Curse

Ric Edelman, the personal finance expert, on his Sunday morning show in October 2018 on New York's WCBS News Radio Eight-Eighty spoke about the headaches that come with winning the lottery: greedy relatives, relatives you didn't know you had, resentful co-workers, criminals who will know your identity and location, the need to hire security personnel, etc. And if you decide to give the money to friends and relatives, there is a hefty gift tax you have to pay. So winning the lottery can be both a blessing and a curse.