I am taking an early retirement at age 56 from my company under conditions which allow me immediate, life time payouts from the company pension plan. I intend to take a 100% pension payout meaning my wife/widow will get nothing from my pension - as I'm a male & 5 years older then her actuarial tables indicate this is a good possibility.One option - where I might leave her something - is that my company will permit a lump sum payout from its pension plan of approx $190k.An idea that was presented to me was that I could, under IRS rules, roll the lump sum into an immediate, fixed length, **penalty free** annuity for payout to bridge me from my retirement to when I could access my 401k & IRA funds at 59 1/2.My questions:a. Is the idea really valid?b. Any thoughts as to this lump sum rollover's pluses/minuses?
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