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Investing/Strategies / Retirement Investing
|Subject: Re: IRA Investments||Date: 1/31/2000 9:42 AM|
|Author: TMFPixy||Number: 18502 of 78150|
Greetings, Oombatu, and welcome. You asked:
<<I am thinkiing about rolling my 401k over to an IRA.>>
I assume you are speaking of a 401k with a former employer. In general, you cannot transfer a 401k account to an IRA while you are still working for the employer who sponsors that plan.
<<With my 401k I can select my investments. Can I do the same with an IRA? Do the investment firms select my investments? Does anybody have anybody experience with Vanguard? Any input would be appreciated.>>
If you establish your IRA with a broker in a self-directed account, then you are free to trade in individual securities that you select yourself. OTOH, if you establish your IRA with a mutual fund, then your investments within that fund will be selected by the fund manager.
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