Lottery Winner Plans to Use Winnings to Boost Retirement Fund

A 62-year-old North Carolina man nearing retirement age is prioritizing his future. According to CBS 17 in Raleigh, the man bought a Quick Pick ticket for the $2.04 billion Powerball drawing. While he did not win the big prize, he did match four numbers and the Powerball multiplier to win $100,000. After paying the required taxes, the lucky lotto player took home $71,017. He told lottery officials he plans to put a large portion of the payout toward boosting his retirement fund.

The Seniors Trust wants all seniors to have the opportunity to experience a happy and rewarding retirement. But to do that you can’t be struggling financially — or bank on winning the lottery. That’s why lawmakers need to pass the Social Security Expansion Act. It would provide bigger monthly benefits, establish a fairer cost-of-living adjustment, and ensure the long-term solvency of the Social Security program. To show your support, please sign our petition calling on Congress to enact this landmark piece of legislation.