Thread: Lump Sum Advice
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Old 09-03-2015, 05:41 AM
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Join Date: Mar 2007
Location: Lighthouse Point
Posts: 5,075

Originally Posted by B_EDWARDS View Post
So...long story short; I am due a lump sum payout at the end of this year as part of an employment agreement. Although I have looked forward to this payout for a while, the reality is now setting in that I am going to be hit with an extreme amount of taxes.
The payout is $750k and will be administered through payroll which of course will mean a very heavy tax. Any advice as to effectively reduce the hit on taxes or how to best reinvest the balance to regain the tax hit?
I have my 'guy' looking at this but would appreciate any advice / comments from the THT brain trust as I have seen some pretty solid advice thus far on this site.
You said "end of year" can you them to cut two checks, one in 2015 and another a day later in 2016?
joe.giuliano is offline