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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.

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