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Annuities almost always charge high fees (2% or more). The company is not obligated to tell you about all the fees if you talk to them; you have to read all the fine print. But remember with the annuity you pay the annual annuity fee, the mortality expense, and the annual expense of the sub-account. You have to find out what they are, total them up, and compare.

Correct, a 457 plan is not transferable anywhere else (except to another 457 plan). A 403(b) plan has a better chance of being transferable (for instance to an IRA).

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