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Subject:  Re: What to do with 401K Date:  11/13/1998  1:48 PM
Author:  TMFPixy Number:  6599 of 88033

<<My wife and I are self employed and have 401K (Mutual Funds) retained with our previous employers, earning 4-5% per annum. How can we move them into a more profitable investment without incurring a penalty.

We are also new members to an investment club and would like instructions on identifying worthwhile stocks to invest in.>>

You may transfer your old 401k money to an IRA with a fund/broker of your choice. Just tell your old employers and the fund/broker that's what you want to do, and they will guide you through the process. As to stock identification and analysis, that should be covered in your investment club's rules, procedures, etc. Everyone has their own approach, and you'll have to adopt your own. There just isn't any "simple" set of instructions available as a review of any book store's investment section will reveal. Your club will have it's own philosophy, and that's what you should start with. Also, you may want to pose a question or two in The Motley Fool's Investment Club boards, which you can find at .


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