Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 06-26-2016, 05:24 AM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 17,841
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.

If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
pb4uski is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Another pension lump sum vs. monthly payment question robls FIRE and Money 11 02-08-2011 03:52 PM
Monthly Pension or Lump Sum? bob boag Hi, I am... 17 08-06-2010 10:14 AM
monthly pension vs. lump sum kbst FIRE and Money 25 11-20-2007 04:31 PM
Pension: Lump Sum or Monthly Payment ? Helena FIRE and Money 12 09-07-2006 09:00 AM
Lump sum vs. monthly payments K. B. Sharkstooth FIRE and Money 4 10-29-2004 06:08 PM


All times are GMT -6. The time now is 09:35 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.