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Farlow mentioned the first thing he plans to do with his winnings is place some income into an account for his two young daughters for their college tuitions.
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The IRS can take up to 40 percent of lottery winnings.
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If it is necessary for retirement or the kids' college, it may well make additional sense to invest—a payoff is more particular down the road, even if it does not amount to a sexy six-figure check.
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Justin Johnson is wanted for allegedly shooting and killing rapper Young Dolph at a bakery in Memphis on Nov.

17, according to Memphis police.

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