I am currently contributing the max to a 403b (mutual funds), a mandatory employer retirement plan (no control on investment, but low annual return), my wifes and my Roth IRAs (currently in non-index growth mutual funds that are underperforming the index funds by about 5%). In addition I have more than 100,000 in a portfolio of individual growth equities and mutual funds (some growth, some bond). I am 5-10 years away from retirement. I have been advised to take some of the bond funds and growth funds in my portfolio and put them in a tax deferred annuity with Fidelity, where my funds are located. Is this a good idea or would I be better off to (a) put these monies into a combination of an index fund and additional growth stocks or (b)not sell the growth funds becasue I would incur significant long term capital gains now since they have grown appreciably over the years and just continue to invest new monies in growth stocks as I have been doing for the past year?I appreciate yor guidance.
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