Hi,
Got laid off from my day job, research biologist, am 52, saved all my life, have a profitable small business/hobby, two college bound kids (13&16), working spouse. I am surprisingly unconcerned about getting another job. What I am concerned about is how to protect my severance package from taxes. I am looking into a SEP (self employed pension).
Where should I put the severance? Stocks are too uncertain, CDs' rates are miniscule...
Got laid off from my day job, research biologist, am 52, saved all my life, have a profitable small business/hobby, two college bound kids (13&16), working spouse. I am surprisingly unconcerned about getting another job. What I am concerned about is how to protect my severance package from taxes. I am looking into a SEP (self employed pension).
Where should I put the severance? Stocks are too uncertain, CDs' rates are miniscule...