Posted by wisbaker on December 11, 2011 at 11:13:18 from (174.124.143.84):
In Reply to: OT: old employer 401.k? posted by Dave from MN on December 11, 2011 at 10:58:18:
You can roll it over into another IRA with out penaltys, you just have to find someone that you trust to work with. Various agents will sell you different instruments to hold the money in. Unfortunatly you'll be limited to something that is account based, like stock, bonds, mutual funds, precious metals or resources, CDs or money market funds. You might find someone that could invest your money in a publically traded real estate fund. If you take it out of the IRA you'll have to pay taxes and a penatly if you are to young. I am lucky in that I have two firms I would trust for that that are outside of the normal AG Edwards/Smith Barney/ING/State Farm type firm, but both of them have a prequesite before you can do business with them that you might not have.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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