Quote:
Originally Posted by retiredguy123
If 26 percent of your 403B account is in an annuity, that is even more reason to transfer the money to an personal IRA with Vanguard or Fidelity. You should be able to cash out the 403B, get rid of the annuity, and take control of your own money. But, make sure Vanguard or Fidelity does a direct transfer with no income tax consequences.
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Retiredguy123, that was exactly the response I knew I'd get from you and a few others, hence the shocked eyes when confessing to the holding! I absolutely will follow your advice. I've been reading about annuities and everything you and the others wrote was backed up. Now I'm going to stop beating myself for my ignorance, I also read that many did just what I did, make regular contributions and let someone else manage the investments. But now it's more important to me that I know where my money is. Somewhere along the way I got old enough to retire, I didn't think it would happen so fast. I appreciate all your advice and the time you took to pass it along. Thank you!!