Not sure if this is the best place to post, but severance would be used for FIRE money.
I was offered severance with the option to defer until next year. That sounds like a good idea for taxes. I'm worried though because the company is in financial turmoil. If things keep getting even worse, could the company deny paying the severance next year?
I know severance is not guaranteed in most states. If they offer you a payment in exchange for signing away any claims against them, is that a binding agreement? Perhaps none of this matters if they file bankruptcy?
Would you just take the money and run?
I was offered severance with the option to defer until next year. That sounds like a good idea for taxes. I'm worried though because the company is in financial turmoil. If things keep getting even worse, could the company deny paying the severance next year?
I know severance is not guaranteed in most states. If they offer you a payment in exchange for signing away any claims against them, is that a binding agreement? Perhaps none of this matters if they file bankruptcy?
Would you just take the money and run?