Lump sum or annuity?

[Tawney]

I have the option of taking my accumulated cash retirement money as a lump, rolled into an IRA, or an annuity. There is also a "unqualified" amount for which I have the same option, if that amount is big enough. I had been thinking of the lump sum, but someone mentioned their financial planner said new tax laws make the annuity a better choice. Anyone know what this is about?

 

[WRBT]

Depends age/assets/amounts/annuity type

 

[New Thinking]

If you are female, you may also get a better annuity rate because the plan offers unisex rates and you will likely not pay a commission.

 

[2B]

More data is required for any real replies from the number crunchers.

 

[Helena]

The new federal law that affects the interest rate
used to calculate a defined pension lump sum will
go into effect in 2008.


Here is more info:

http://www.pensionrights.org/policy/legislation/lumpsumir.html


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