I've got a 401K from my previous employer, that has OK results for the last 4-5 years, since I left that company. I've been primarily in the Stock, or the Equity Fund Options. My full service broker has suggested that I roll this over to my account with him, and he will do more for my money. I have some attraction to moving this money into an IRA that I could have more diversity with, but I'm still considering the angles. I have a fairly good broker, but am in the process of locating and starting a discount brokerage relationship.

Is it feasible/possible or foolish to consider rolling this 401K to a discount brokerage account, or are there some risks with the 401 IRS tax laws, etc...?

BTW, I'm almost 44 years old, so have several years before I expect to be getting distributions from this account.