That depends on what the other things are. Most years I get half of my take home pay in December because of my bonus (some of that is my 401k maxing out in November), there have been a couple bad years where the bonus was less, but at least I was able to keep my job. Keeping my job is a factor as well, since I have a family to support, if I'm laid off (like most companies do all the time) that means I'm scrambling to figure out how to get cash, while I can live off of the smaller paychecks I get.
That is me - what is the above worth to you? If you are risk adverse like me, then you like that plan. Others want the cash now but can accept the risk of losing their jobs. Some have a high risk tolerance and like getting their money in stocks - in the best case this is the most money, but in the worst case it is the least. There is no right answer.
In the end you need a certain amount of money to live. That is different from your actual value.
