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If you have 250k of cash
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Kooiker
Posted 8/24/2023 23:13 (#10374555 - in reply to #10374546)
Subject: RE: If you have 250k of cash



At 5% (cd rate?) from now till the end of the years its gonna cost you ~$4200 in lost interest.

If you have any debt (especially a variable rate operating note) the cost of deferring that money into next year could be much higher.


Probably be best to visit with your CPA before doing anything.   It might be better to pay the taxes, or it might not.  Probably depends on ones income level (tax bracket) and where you think you might be the following year.

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