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All Denver’s guys probably out again I hope brogdon sits so I can fade them won today but I took ish out for TJ hit 377 oh well
Thank you for the advice
You would do much better to take the full payout; then invest 30%+ in an FDIC insured vehicle (CD, money market, etc) on a 6-9 month term.
Why let DK earn interest on your tax payment, when you can do so yourself?
Edit: To ELopez432; reply button not functioning.
First off Congratulations!
Second, unless you are horrible at saving, do not let them withhold anything. The first $40,125 of your income for the year is going to be taxed at 12%. The next $45,399 will be taxed at 22%. So your effective tax rate is going to be much lower than 25% at the Federal Level.
I don’t know what state you are in, so I don’t know if you have to pay state taxes or not.
Just put 20% in a savings account or a 6 or 9 month cd and forget about it.
Last, take a thousand or so and splurge on something you never would have bought without a windfall.