Thanks for your response macuser-22. The reason I am asking is because I am about to get my mandatory Distribution, after 10 years, of my Retirement 401K roll over which is in annuity with guaranteed lifetime income. The financial guy is saying that I should re-invest it while I am still working because if I cash out the Distribution, my tax will be high, approx. 30%, which he will have to withhold. My current tax rate is 15-17% based on AGI, so I want to tell him to withhold only 15-17% not 30%., Thanks.
