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Old 06-26-2016, 05:24 AM   #21
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pb4uski's Avatar
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
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Perhaps that is what mmgoebe raised but I suspect that he misinterpreted the OP's OP. It would be rare that someone would take a $770k lump sum from a defined benefit pension plan as a taxable distribution, pay the tax all at once and then buy an annuity with the after-tax proceeds because the progressivity of the tax rates would slaughter you.

I responded so the OP would not get confused by the tangent that you two created and think that he had to pay taxes if he took the lump sum.

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