I have to disagree with VolvoGirl. The periodic payments is for a pension that the periodic payment is based on years of service as in a defined benefit plan, not a 401(k) where the distributions are voluntary, one time distributions ever if automatic based on RMD amounts.
That is not what is meant as "periodic payments" based on a retirement payment formula from a retirement pension unless it is a 401(k) that can pay an automatic amount for the rest of your live time (essentially a 401(k) that acts like a lifetime retirement annuity.)
Answer NO.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
