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Greetings Fools:

I have inherited an IRA and I have to choose a distribution plan. The company is offering 3 choices.

1. A lifetime annuity (Very bad for my wife).
2. Equal installments (once the amount is chosen it can not be changed)
3. Lump sum.
Cannot mix and match.

My question is can I transfer the money to another company, without a tax penalty and if so, can anybody give the names of companies that would allow me to change the distribution amounts? Paying for the funeral wiped out most of our savings and our clunker is on its last legs. We need a chunk of money now but hopefully very little after that. Thanks for your help.

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