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Author: serenity321 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: IRA annuity Date: 4/27/2005 3:44 PM
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This may not be the best place to ask this, but you guys all seem pretty knowledgable, so here goes:

Many years ago I got talked into putting my 403(b) into a variable annuity. Yes, I know-- doubledumb. The withdrawal penalty period has long expired, and I would like to get out of the annuity and transfer this into an ordinary self-directed IRA.

1. Any reason this cannot be done?
2. Any tax consequences? I wouldn't think so.

Thanks.
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