{ "media_type": "text", "post_content": "Recently laid off at a small gov contracting firm (non cyclical to this economy). My wife and I are expecting and thankfully live below our means. She has a great job too, thankfully…How should I maximize my severance and what should I ask for beyond cash? They offered 2 months of cash and my stock paid out. I was employed for 2 years. They at one point extended the potential of partnership and I’d like more, and they have the money. Should I ask for lump sum or spread it out?", "post_id": "61eafa2e9ddb89002d4156fc", "reply_count": 6, "vote_count": 1, "bowl_id": "58f0df008ad7250010f8c590", "bowl_name": "Compensation", "feed_type": "bowl" }

Recently laid off at a small gov contracting firm (non cyclical to this economy). My wife and I are expecting and thankfully live below our means. She has a great job too, thankfully…How should I maximize my severance and what should I ask for beyond cash? They offered 2 months of cash and my stock paid out. I was employed for 2 years. They at one point extended the potential of partnership and I’d like more, and they have the money. Should I ask for lump sum or spread it out?

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If concerned w/company’s viability and cash flow, get lump

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Don't have much experience in this situation, but what would the spread out look like vs the lump sum? Also I can get you connected in EY Federal sector if you're interested.

Assuming less tax over time than lump sum?

2 months is decent, but bc they showed intent to offer partnership…should I accept 2 months or ask for more? I’d prefer 4-6 months.

Doesn't hurt to ask.

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Time value of money - encourage you to take a lump sum payout and be on your merry way.

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