TMR CEO Jason Reddish interview on how to manage lottery winnings with WCTC’s Bert Baron

Written by Tony Zeoli

On May 18, 2016

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.”

Of course, you can learn more about our Business Financial Solutions and apply for funding today!

You May Also Like…

Trends for Small Business in 2018 (Infographic)

Trends for Small Business in 2018 (Infographic)

A new Microsoft Stores and SurveyMonkey survey of 1,300 U.S.-based small businesses predicts 90% of small businesses will hire one or two employees next year. The survey also asked small businesses if they were concerned about cybersecurity threats. 25% said they...

read more
You got funded! 5 things to do first with your merchant cash advance

You got funded! 5 things to do first with your merchant cash advance

Congratulations! You just got funded with a merchant cash advance. Now it’s time to put that cash to work for your small business. Having cash in hand will certainly help make structural changes, win new customers, and grow your small business. That’s why it’s so important to stick with your business plan. To apply the cash you now have in hand to the project you needed it for in the first place.

Here are 5 things you can do today.

read more

0 Comments