No. of Recommendations: 0
I have a similar question as the retired Fool looking to plunk his 401k into a self-directed IRA.

About a year ago I quit my job to start my own company. My 401k account has both stock of the company I used to work for, as well as mutual funds offered by the custodian.
I'd like to take all of the funds in that 401k account and move them to an IRA that I control with an on-line broker.

Can someone tell me what the restrictions are on this type of movement. Is it as simple as telling the custodian of my 401k to transfer the funds to my on-line broker?

Thanks for the time!

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.