Originally Posted by
shrsailplanes
The pay out also isn’t prorated. The recipient gets it all at once, I think before training begins.
You have to put $10-$11K aside for taxes. I like the idea of a CD, but if you did bail early you have to come up with 35G’s of your own money to pay it back. Just put it in your sock drawer until 11-28-2025 then you are free and clear.
Just got off the phone with some people. Sounds like it will come as a lump, unsure if they will withhold any taxes but my guess is $35K. No idea when the tax bill will be due, probably in a few months when I start my taxes.
i had the same thought. Put some into an i-bond, open a HYSA like Ally, etc. But it’ll just be simpler to set it in my savings account and just not touch it.