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If I get my pension as a lump sum distribution, can I turn around and put it into a tax deferred annuity that would pay out over a relatively short term of 4 or 5 years? This would be to flatten the tax cost, yet still supply a healthy addition to my income.

Mat
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Why don't you just roll it into an IRA. Then you can control the payouts as you wish, at least until you are age 70-1/2. The you will have to take minimum distributions.

Alan McKnight, CFP
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