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Subject:  Re: Self-directed IRA Date:  10/20/1998  11:38 AM
Author:  TMFPixy Number:  6118 of 88047

Greetings, Dsprings, and welcome. You asked:

I am considering rolling over my 401K from my previous employer into a self-directed IRA rather than into the 401K plan at my new employer. I want the option of individual stock investing. Are there any reasons not to go with the self-directed IRA option or pitfalls to watch out for?

Around Fooldom that's the preferred course of action. We tend to believe our self-direction gives us greater flexibility over how our money is invested and in turn that freedom allows us greater growth potential than we could get in most 401k plans. Of course that belief presupposes we are willing to take the time to research and understand fully our investments before we make them. If we don't do that, then that's a major pitfall and a major reason for not using a self-directed account.


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