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SORRENTO VALLEY, Calif., (KGTV) — You pinched yourself. It's not a dream. You just won the 0 million Mega Millions Lottery. Now what?"From a financial standpoint they are set," financial planner, Dennis Brewster said. "That's generational money. They should be set for several generations."But Brewster says that's only if you're smart. To get started, he suggests finding inspiration from within. "What is it that they want to do? They are going to get tugged in a lot of different directions," Brewster said. "Everybody is going to tell them to do this, or you should do that. I think that's the hard part. It's going to be hard to say 'no.'"In California, names of winners are made public. That means privacy may become an issue. "Get a new phone, a new address they're probably going to need a lot of things. That's going to be a challenge," Brewster said. So if some distant uncle from your mother's side who you never met, but kind of heard about, suddenly calls you to say they love you, you need to set some boundaries. "At some point, you're going to have to say no," Brewster said. "And maybe they're going to have to get a buffer between themselves and someone else that handles that for them."Brewster says that could be an attorney or a financial planner — someone they completely trust. Next, will you splurge? Remember, there is always a limit."We don't want this to be an unhappy ending. They are so fortunate. Do what you need to do initially, maybe get that out of your system, but then draw a line somewhere," Brewster said. Will you give to charity or make investments? Whatever it is, do your homework and pay your taxes."There are tax-free bonds, for example, where everything is tax exempt," Brewster said. "But don't try to avoid taxes. You want to do what you can and be smart too. Don't get too complicated, trying to avoid something and then create a much bigger problem."The last piece of advice? Brewster says don't let your 15 minutes of fame destroy you."It's that double-edged sword that you're almost trapped by your own fame and fortune, and hopefully that won't happen."Our local jackpot winner has a year to claim their wins, but only 60 days to choose the 5.2 million lump-sum cash option. 2241

Sprint and T-Mobile's have abandoned discussions about a potential merger.The companies issued a joint statement Saturday, after a week of speculation, saying they "have ceased talks.""While we couldn't reach an agreement to combine our companies, we certainly recognize the benefits of scale through a potential combination. However, we have agreed that it is best to move forward on our own," said Marcelo Claure, Sprint's CEO.T-Mobile CEO John Legere also said there were benefits to consolidating, but added that, "we have been clear all along that a deal with anyone will have to result in superior long-term value for T-Mobile's shareholders."Shares of Sprint and T-Mobile tumbled Monday after rumors emerged that merger talks between the two companies were fizzling.On Monday it looked as if SoftBank, the Japanese conglomerate with a majority stake in Sprint, would end negotiations because of concerns about the ownership structure of the combined business, according to reports from Nikkei and The Wall Street Journal. Claure, the Sprint CEO, is also a member of SoftBank's board .Exactly what issue ultimately severed the talks was not immediately clear Saturday. Neither Sprint nor T-Mobile immediately replied to requests for comment by CNNMoney.This is the second time the mobile carriers have attempted to join forces and failed.Sprint and T-Mobile previously discussed a merger in 2014 but scrapped it because of concerns about regulatory challenges from the Obama administration.Related: Sprint owner says 'door is open' to mergers under TrumpThe companies expected to have a better shot at the merger this year under the Trump administration.SoftBank CEO Masayoshi Son said in May that the Obama administration was "quite tough on business," and added "the door is open" for potential mergers with the new administration.Son met with Trump the month before he took office to talk up an investment in U.S. businesses. The investment ignited speculation about Son and SoftBank trying to revive merger talks.A few weeks later, Legere said he was open to "various forms of consolidation" when asked about a potential merger with Sprint and SoftBank under the Trump administration. 2202

SOLANA BEACH, Calif. (KGTV) -- Solana Beach’s alternative to San Diego Gas and Electric appears to be in store for financial headwinds. A new city report says that the Solana Energy Alliance could run at a deficit for the next two years, which look to be more challenging than originally forecast. The city launched the alliance in June to help the city reach its goal of 100 percent renewable energy by 2035 and provide competition to SDG&E. Currently, more than 90 percent of Solana Beach energy and businesses buy their electricity from the alliance. It saves them about 2 percent from SDG&E. “They’re definitely stepping into deep water to try to do this themselves,” said Solana Beach resident Ed Radcliffe. “I hope they do it right.”Solana Beach City Councilman Peter Zahn said overall the energy program is healthy. It has high enrollment and is paying off expenses from the launch. He said it had higher revenues than expected while also having higher expenses than expected. Zahn said the report examined the alliance’s first three months, so it’s still early. He added a big hit came from a recent Public Utilities Commission decision to hike the exit fees residents pay SDG&E to buy it elsewhere. The Solana Beach city report says the fees could rise by as much as 50 percent. “While we are not happy with some of the factors that have influenced this - like the exit fee - we are really optimistic about going out into the future,” Zahn said.The report said higher energy prices and lower SDG&E electricity generation rates are also impacting revenue.In October, the city of San Diego announced plans to create its own alternative to SDG&E, called a Community Choice Aggregator. A spokesman for Mayor Kevin Faulconer says comparing Solana Beach’s organization to what is in store in San Diego is apples to oranges. That’s because the city would have a much larger group of customers, hence buying power. The San Diego program could launch in 2021. 1988

SILVER SPRING, Md. (AP) — Reebok says it has cut ties with CrossFit after the fitness training company's CEO invoked George Floyd's name in a Twitter post chastising a health group for saying that racism was a public health problem. On Saturday, the Institute of Health Metrics and Evaluation tweeted: "Racism is a Public Health Issue." CrossFit chief executive and founder Greg Glassman replied: "It's Floyd-19," a reference to COVID-19, the disease caused by coronavirus. 482

Someone called Russell Crowe made a very generous donation to our Le Chef fundraiser. But not sure if it's *the* @russellcrowe ??https://t.co/bhy13nm6d2— Richard Hall (@_RichardHall) August 13, 2020 206