#disbursement

University disbursement

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University disbursement I pay my college with a 529 account and this year between grants and scholarships the university pays me back roughly 3k. Does this need to be put back in a 529? Or can I keep the cash. Thanks submitted by /u/knoxyds

Reddit Personal Finance 1.0k 2024-12-17

Recently laid off, employer is forcing 401k disbursement. What should I do with it?

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Recently laid off, employer is forcing 401k disbursement. What should I do with it? HR changed their prior policies, informing me that my 401k will be distributed within a few weeks. Before, it could be left alone, but they said it’s not allowed to sit there anymore. I have $1.3M in my account. I’m over 55, so I wouldn’t have to pay a 10% penalty to cash out, but I don’t know what the best long-term strategy is. Some background…

Reddit Personal Finance 1.3k 2024-05-31

Sibling created a huge tax liability by accepting disbursement of funds from sale of parent’ property?

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Sibling created a huge tax liability by accepting disbursement of funds from sale of parent’ property? Last month, we went through the process to sell my Mother’s home. My Mother is currently in a nursing home and was incapable of being involved now due to severe cognitive decline. My brother, Randy, has had power of attorney. We were selling the home (was paid off) as her only real asset to spend down for her care, which now costs 5 figures/mont…

Reddit Personal Finance 232 2023-07-08