Lotteries in the United States are getting bigger and bigger. While the first government lottery happened in 1964, it wasn't until 2016 that any jackpot reached over a billion dollars. In fact, millionaire status seems paltry now that lotteries have been regularly surpassing one billion dollars in prize money. Yes, that is billion with a B. While it is fun to spend your time in rush hour daydreaming about how you would spend that money, would you know what to do if you actually won?
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Adequately preparing for retirement is a thought that crosses the minds of many investors, regardless of their ages. If you already have the traditional retirement accounts, such as a 401(k), individual retirement account (IRA), or 403(b), you may wonder what other options are out there to help you prepare for retirement. Here are a couple non-conventional options that you can use to help save for your retirement.
Purchase an Annuity
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