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I'm considering a rollover from an ESOP into an Ira(non-deductible) offered by one of the online discount brokers.
I already have a non-ded Ira invested in mutual funds. I also want to rollover this acct into the new online acct. I want to be able to self-direct this new acct. One reason for doing this is that the dividends come directly to me & are taxed & I would the dividends reinvested.
Does this sound like a Fool thing to do & are there any hidden dangers?
Thanks!
CFrank
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