As the title says I have phantom stock at the company I work for. This pays out when the company sells, which it seems very likely will happen shortly. No taxes are withheld and this will be taxed as income. I will have just over a year to pay those taxes. I am planning to put the amount to pay the taxes into something liquid enough to be able to take out and pay the taxes next April. Is a HYSA the right answer or what would you folks recommend?
Appreciate any input.