Should I sell RSU lump sum or over time? I had RSUs from my last company that kinda forgot about. They’ve fully vested and I don’t see the company value soaring in the future. I’m comfortable with the gains these RSUs have made already. I’d rather reinvest this money elsewhere and diversify. I just learned that RSUs are taxed as shares vest, if I understand correctly? So now I will fal…

Early retirement, lump sum or am I ruining my future. I am going to have to leave my job to care for my elderly parent. Currently drowning in debt, barely making minimums. Plan is to take my pension as a lump sum payout and using it to completely pay off all debt including personal loans and credit cards. The rest will let me stay home with my parent. Plan is to sell the home parent and I co-own on…

My W2 is missing a lump sum of money My company accidentally paid me only a portion of my commission check and then paid the balance when the realized the mistake. When the paid the balance it was for 18k, it wasn’t reflected on my W2. Should I be concerned about this? Should I ask them to fix it and add it to my W2? Has this happened to anyone else? submitted by /u/Enviro…

Lump sum payout verses monthly pension I’m 66 retiring soon. I have $700K in a 401K and $210K in another account. The company has offered a $520K lump sum or a monthly $3056 pension. Which is the right choice? submitted by /u/Equivalent-Motor-364

Lump sum excess cash My wife and I have a 300k cash reserve and are deciding between investing in market and paying mortgage. Mortgage is 680k at 5.75%. I was hesitant to pay down mortgage when cash was paying 5% as I prefer to stay liquid, but as rates come down I know I need to decrease cash reserve. We max 401k and back door roths, so the only real option is in…

lump sum or quarterly payments from Inherited IRA I inherited my mothers IRA when she passed in March, about $125,000. Current plan is to do quarterly withdrawals to cover auto and student loans per month, roughly $10k quarterly withdrawals, which per withdrawal calculators will last about 3.75 years. This will free up about $1,000 or so dollars a pay period, biweekly, of paychecks to put into …

Lump sum or monthly installments? My mom has the option to take a pension in $568 monthly payments for life. The money goes away when she dies and no one gets anything after this. Or lump sum of $80,000 today. She’s asking advice on which is the better option. Personally I say lump sum. Two questions: 1. Which would you choose? 2. If lump sum, where would you hold this money f…

Work Closong – Pension Lump Sum My employer is closing my facility next year in Q4. I have a pension that’s a cash lump sum. It will be roughly 100k, I’m currently 36. I make around 165k a year so I’m probably going to ride it out until I can find something that’s comparable in pay. My 401k currently is sitting around 400k and my liquid savings in hysa is around 50k, I’d have …

What to do with lump sum? What do i do?! So im coming into money. Not a lot. But for me it’s life changing. I’m a stay at home mom and my husband has a business of landscaping and home remodeling. We live check to check, penny to penny. Which is why I want to plan smart with this money. In the next couple of months I will be getting about 200k before taxes. The only thin…

What To Do w/ Lump Sum Hi all, This question may be very basic (and a little dumb) but I’m just wanted to throw it out there in case you people are smarter than me (very likely) and have an idea maybe I haven’t thought of. I recently got a diminished value payout for my Tesla of $3,700. I currently owe just over $23k over the next 37 months. Interest rate is 2.04%. M…

Previous employer terminating pension plan. I will receive a lump sum payout. Now what? Hello all! I will be turning 65 in December. I have been retired and drawing SSI and a pension from my last employer since I turned 62. I am also vested in a pension from a previous employer. This pension plan has been in declining status since before I retired. I cant remember exactly what the official term is but basically the company has clai…

The Presidents of the United States of America – Lump submitted by /u/solidprospect

One time lump sum payment mega backdoor roth strategy advice Situation: We normally do not exceed the Roth IRA contribution limit, however this year I’m receiving a large (~$500k) lump sum in December. Just want to say that I will immediately be maxing trad IRA and doing a normal Backdoor Roth for my spouse and I. Because I’m not receiving this money until December, it makes it more challenging for me to…

Pension lump sum payment? My mother currently has $64,000 in her pension. She is 64, turning 65 in April 2025. We have no family longevity, at all. We are both surprised she is still alive based on our family history. Rest of the family is all dead. Anyway, she is wanting to pull her entire pension out to pay off her home equity loan. There is $54,000 on the HELOC. Would…

If you plan to make a lump sum payment on your mortgage, when would it be smarter to simply make the payment against your principal, as opposed to recasting with that amount? Assuming you have the ability to do either, would it ever be smarter to not recast your mortgage and simply make the payment against your principal? As I’m currently thinking of it, the recast makes the most sense as you’d still be putting all that money into your principal, and you’d lower your minimum payment. You can keep paying at the origin…

How to reallocate lump sum towards retirement from brokerage? Been automatically contributing to my taxable brokerage and have crossed the 100k threshold, which is beyond the original goal of 50k. A house is still a few years off, so I figure I can move things around to be more tax beneficial in the long term. Thanks to IWT for helping me rethink my goals. I want to scrape 50k off the 100k and push it int…

Escrow and mortgage question: lump sum vs monthly? Long story short I have a mortgage of about 290k at 2.8%. We had a tornado hit our house and rebuilt but I was able to keep paying original mortgage and not lose the 2.8% rate. The year that it was being built when they did the escrow assessment I had an overage of $6k so I got a nice check. I assume it was because they asssesed our property and…

Is it smart to keep a lump sum of cash ? Is it smart to have a lump sum of cash? I’m terrible with my finances but I like to keep a couple thousand in the bank and a couple thousand cash and live broke for now while I’m still in a building stage in life after a separation is this smart ? I tend to mess up banks simply because my money comes lumpy and not super consistent . Would just …

Considering taking a lump sum over monthly pension My wife is retiring in spring and has option of taking a one time lump sum of approx. 400k or participate in monthly pay of $2600. Wanted to get thoughts on this option as our thinking is we can invest the lump to collect modest interest goal perhaps 5% and have an additional bucket to add to our current 403b savings. Approx 1.7m. TIA submit…

Student loan lump sum payoff I have about 20k in student loans @ ~5%, I have enough to pay them off immediately + emergency fund, but I worry about possible repercussions with credit score. I currently am paying 3x the minimum payment to speed up paying them off. Paying off would significantly reduce/eliminate interest on the loans. How much would paying off the loans in 1 …