Sullivan’s column isn’t all bad. He talks about the importance of being able to manage your money and the need to be comfortable with risk if you take the lump sum. He also points out the annuity (in this case, based on what GM workers are being offered) isn’t indexed to inflati...
postponing any taxes.For some people over age 59 1/2, the Internal Revenue Service offers two other options: five-year and 10-year "forward averaging," a system that lets you take all your money immediately but pay tax on it as though you'd parceled it out over five or 10 years. Th...