No. of Recommendations: 0
...choice of (1) having the company buy an annuity for me or (2) taking my distribution and putting it into a tax-deferred account. I am seriously considering the latter,... What do you think?

I believe the latter to be rather Foolish indeed and I'm not able to tell you what is best for your situation. But I do know if you choose to take the distribution, do NOT have the check made out in your name. If so, 20% will be withheld, which, you may need to make up to avoid early distribution penalty. Find a custodian for your account and have the check made out to them. Hope this helps.

Know Foolin' 2001
HaGD, L2J
Print the post  

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement