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URL:  http://boards.fool.com/i-question-direct-rolling-it-to-a-discount-broker-30669066.aspx

Subject:  Re: Roll old 401(k) and allocate assets Date:  5/5/2013  8:48 PM
Author:  PolymerMom Number:  72208 of 75824

I question direct-rolling it to a discount broker. This sounds like there may be two possible problems.

1) You are thinking about trading at a discount brokerage. Don't. It's way to easy to end with a shadow of your assets at the end of the day.
2) You have to be very careful to roll it over into an IRA, not a brokerage account, or you'll be taxed for premature withdrawal.

That said, I rolled over my 401k to an IRA, both at Fidelity, w/o selling anything.
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