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Message: <blockquote data-quote="Bagels" data-source="post: 2392446" data-attributes="member: 43436">Just did the math on my offer and the discount rate is north of 7% - just as I forecasted.  Not sure why a few people took a jab at me... just read some of the postings -- using this money to pay down low-interest, tax-advantaged student loan & mortgage debt is a really, really bad idea.  Remember, you're taking a 7% hit + paying a 10% penalty (yes, it still applies to student loans).Like I said, I'm aware most people will take the money, simply because for many, it's more money than they've ever had in their life.  Just be aware of the implications -- both short (tax & penalty -- the withholding may not be enough to cover this) and long-term (when you turn 65 and receive no check because you blew it 20 years ago on booze and hookers).</blockquote>