goldtut -

First of all, don't be floored or let your head swim with all kindsa ugly stuff about annuities - they're not all that bad (the article reflects the opinion of the authors...).

Now, regarding your 403b(7) custodial account... It sounds like you still work for the the same employer. If that's so, you'll keep the account open until you terminate your employment there. Then you may rollover the 403b(7) account to a traditional IRA & subsequently convert it to a Roth IRA. Awkward? Yes, but it's the correct procedure.

Any more questions?

Best wishes, PP