homebrewer_99
Well-Known Member
- Joined
- Feb 1, 2005
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The way I see it is there are two benefits when taking a lump sum.
One's already been mentioned...1) take the money and run before the State runs out of the $$$, and 2) after you've paid your taxes what remains is all yours never to be taxed again...unless you buy those taxable luxury items such are cars, houses and boats, etc.
Of course with #2 you'll only need to pay taxes on your gained interest...and only a percentage of that.
One's already been mentioned...1) take the money and run before the State runs out of the $$$, and 2) after you've paid your taxes what remains is all yours never to be taxed again...unless you buy those taxable luxury items such are cars, houses and boats, etc.
Of course with #2 you'll only need to pay taxes on your gained interest...and only a percentage of that.
