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An additional consideration might be unemployment compensation. If this is a severance payment, it implies the elimination of your job, and you might be eligible to collect unemployment. If so, how you take the severance payment could affect how you collect the unemployment. The rules vary from state to state, so check with your local office.

Also - some people might be offended at the idea of collecting this. I don't encourage or discourage you on this - just wanted you to be aware that it's a consideration.
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