I'm in the same situation. I don't have a tax or financial advisor. Whether that is right or wrong is a matter of opinion I expect.One thing I might bring up here though, I am having my IRA send estimated tax withholding to the IRS. If not, you will get a bill from them for not estimating your taxes and paying them on a quarterly basis.Good luck to you. I actually volunteered to be let go. My company wanted me to pick out one person in my group. To be honest with you they were doing all the work so I said take me instead. They did and we are both very happy about the decision. I got a small severence, but it was enough to put over the top on my retirement estimates.