Excerpt: This is a copy of the recent article Do Annuities Make Sense in a 403(b) or 457(b)? with interspersed rebuttals and thoughts from Ellie Lowder, MCRS. Ellie is an independent consultant in the 403(b) market segment; author of a number of books (and compliance guides) about 403(b) and 457(b) plans; and an Advisor to the National Tax Sheltered Accounts Association. She has over 40 years of experience in the 403(b) market segment. Her comments speak only to 403(b) arrangements.