Why You DON'T Want To Be A Millionaire

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Millionaire

Regis Philbin hit the TV jackpot when he debuted as host of the award-winning game show, "Who Wants to be a Millionaire?" in 1999. The show, an overnight sensation for ABC, tapped into a common American dream – becoming wildly rich. According to the IRS' Personal Wealth Statistics study (last undertaken in 2004), an estimated 2.7 million Americans hold gross assets of $1.5 million or more. If you have ever bought a lottery ticket or made an investment based on a "hot tip" just hoping you could be counted in that IRS number, consider that there may be some downfalls to becoming a millionaire.

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