I'm getting $190k in back pay from my previous job pension. Would you advise taking it now with 20% tax withheld or rolling it over into an IRA, no tax withheld but I will not be able to touch it until I retire in 10years. If you suggest rolling over what should I invest it in?

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Isn’t it personal income tax rates + min 10% fine to take now? Unless you’re really strapped for cash and can’t get a reasonable loan, I can’t see where taking it now would be a good decision…

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I think we need more information. Is it back pay or is it a pension? And f it’s a pension, how old are you? If you take a lump sum pension before 59.5 you have penalties on top of the tax. Don’t do that.

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Let it ride!

No idea what that is supposed to mean

The actual tax impact will be more than the 20% withholding. Put it in your Ira and wait 10 years. And VOO

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