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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