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 - Identifying Tractor Smells - by Curtis Von Fange. We are continuing our series on learning to talk the language of our tractor. Since we can’t actually talk to our tractors, though some of the older sect of farmers might disagree, we use our five physical senses to observe and construe what our iron age friends are trying to tell us. We have already talked about some of the colors the unit might leave as clues to its well-being. Now we are going to use our noses to diagnose particular smells. ELECTRICAL SMELLS
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