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Take Two

Fall into some money? Here's how not to trip up

This January 10, 2016 photo illustration taken in Washington, DC, shows Powerball lottery tickets in front of the splash screen for the powerball.com website. The jackpot for the US Powerball lottery rose to a whopping $1.3 billion (1.19 billion euros) on January 10 after organizers said there was no winner in the weekend draw. The Powerball prize rocketed to $950 million on Saturday, fueling a frenzy of lotto ticket buying across the United States.Numbers were drawn and announced late Saturday at 10:59 pm (0359 GMT Sunday) -- but hours later lottery officials said there was no winner.   AFP PHOTO / KAREN BLEIER / AFP / KAREN BLEIER        (Photo credit should read KAREN BLEIER/AFP/Getty Images)
This January 10, 2016 photo illustration taken in Washington, DC, shows Powerball lottery tickets in front of the splash screen for the powerball.com website.
(
KAREN BLEIER/AFP/Getty Images
)

Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.

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Fall into some money? Here's how not to trip up

There's a big payout heading for Chino Hills, California – one of at least three winning tickets for the $1.6 billion Powerball jackpot was sold there.

But think hitting a big payoff is nice? Well, like in the Biggie song, sometimes mo' money, mo' problems.

Landing any kind of windfall is a big responsibility – whether it's the lottery, an inheritance, a really big tax return or more.

Mess it up and you could be back to zero.

Delia Fernandez has some financial advice for whenever you find yourself rolling in dough. She's a certified financial planner and president of Fernandez Financial Advisory in Los Alamitos.