Southern by choice
Herd Master
No words. We all grieve with you.
If you don't move that lump sum to an IRA, I believe it will be added to your taxable income for the year. That could get expensive....
My company is in the process of closing out our pension fund so we will all get a lump sum payment. Mine will be small since it was frozen a couple of years after I started with them but will be enough to give me a 10 - 20% downpayment, ...