Rolling an annuity into TSP


Q. My financial adviser in 2014 convinced me to roll my $600,000 403(b) into an annuity. I have paid more than $48,000 in fees over the past years. I want to stop paying high fees. Do you know if it is possible to roll the annuity to my vested TSP account? 

A. That was a salesperson, not an adviser. The TSP will accept a direct transfer of funds if: the money is coming from an eligible retirement plan account – IRA, 401(k), 403(b), etc. – and the transferred amount contains no tax basis that you wish to claim.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at

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