Looking for advice on money from my employer being bought
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Personal Finance
Hello, The ESOP I work at is being bought, and my portion of money will be around $80k.
I was looking forward to paying off the little bit of student loans I have left, and then putting the rest towards my emergency savings and house down payment (when that time comes).
I recently learned that if I choose the cash option, there's a 10% tax penalty on top of that since I'm not 59.
I have a company 401k that I could put it into to avoid the penalty, but then I can't use any of it for decades.
But is there a smartest way of doing this that I may be overlooking?
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