17 Mar Woman Buys $1 Million Lottery Ticket On Prediction From Her Mother
Joyce Derenzis stopped working about seven years ago so she could care for her ailing mother. It was while the 56-year-old was tending to her one day last month that she got the advice that has since changed her life, according to lohud.com.
“I was with my mother who has Alzheimer’s. She was talking to me and thought my birthday was Feb. 12. Then she looked at me and told me I was going to win a lot of money,” Derenzis said.
She may not have thought much about potential lottery payments, but when she walked into Trotta’s West Street Pharmacy and saw the $5 Wheel of Fortune scratch-off tickets (her mother’s favorite show) she new that was the one she had to buy. Fortunately for her, she did, as it ended up being worth $1 million in lottery payments. She gave it to her boyfriend to scratch off.
“He couldn’t talk,” she said. “I looked at the ticket and thought it was a mistake. I went back to the store and had the clerk scan it. She came around the counter and hugged me.”
Derenzis elected to take the lump sum over an annuity settlement to collect her winnings. By doing so, she received $536,058 after the government took their share of taxes. She could have taken the money as a lottery annuity like the Mega Millions, which pays out 30 annual payments increasing by about 5% each year. For a win of $50 million that would mean the first payment would be about $750,000 and grow to about $3.1 million.
Winning the lottery can be a life-changing event, but it’s important to invest and spend the money wisely. Approximately 70% of all lottery payments winners will lose or spend all of their winnings within five years. An astronomical number when you think about it, which is why many people choose the annuity option at first, but later have regrets.
That’s where Saf-Capital can help you. If you make the hasty decision to receive your money over the course of your lifetime and discover that you need the money now, we will work out a deal to get you the money you’re entitled to.