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Should I transfer the funds that I have in an annuity into a 457 tax deferred account.?


Held annuity for 15 years. I am eligible to make the transfer with no penalties.

The key to this question is, 鈥淲hat was the source of the money in the annuity?鈥?br />
I assume that the money in the 457 Plan is 鈥渜ualified鈥?(money deducted from your paycheck prior to being taxed).

If the source of the money in the annuity is 鈥渘on-qualified鈥?(or post-tax) money, you should not combine it with your 457 Plan money.

If the annuity is a tax deferred annuity (qualified money -- just like the 457 money) 鈥?such as from another 457 Plan, or 403(b) Plan, you might consider combining them.

And why might you combine the two? If the investment choices within the 457 Plan are "better" than you choices within the annuity; and / or you want the convenience of having your funds consolidated into one account for easy record keeping.
Probably yes, because annuities usually carry high fees. The fees in your 457 are probably lower so you may get a better return.
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