Total Merchant Resources CEO, Jason Reddish, appeared on the Bert Baron show, 1450 Talk Radio WCTC. the topic: How To Manage Your Lottery Winnings.
This year, we saw the Powerball Jackpot hit over $1Billion. Jason talks about how taxes impact your winnings and what team (lawyer, accountant, and estate planner) you will need to make sure you have a plan to collect your winnings. Jason says you don’t have to run down and cash in the ticket right away. You have to organize your team first, so that you have a plan for the wealth you’ve now come into.
Jason recommends having a diversified plan with a focus on giving to charities to limit tax liability, like putting the money in tax-free municipal bonds, because – as he says, “equities, right now…they’re hurting.”
Bert Baron was kind enough to ask Jason about how Total Merchant Resources helps small business with financing for repairs, expansion, or other reasons that small businesses need financing, but cannot get from a traditional bank. And, Jason and Bert talked about how Total Merchant Resources appearance on Shark Tank put the concept of merchant cash advance “on the map.”