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...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
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