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Kiwijuice writes:

<<Hi, I am about to recieve a lump sum pension payout from a previous employer. I'm 51 yrs.old. I wont need it for about 10 - 15 yrs. It seems to me that I wouldn't go wrong by throwing it all into the RP4 and forgetting about it other than the annual balancing. Right? Can I roll this directly into an IRA inwhich I deligate those FFour stocks without paying any taxes? I'm scared. I'm talking about 33k. Any suggestions from the pro's? Should I start it now in march or april?>>

Hey, c'mon now. I might be the official host of this board for TMF, but it's hardly "my" page as the superb responses to queries from a multitude of others amply proves. In fact, you received an excellent one from Rmj1 to your post. He told you how to transfer your distribution to an IRA so as to avoid any tax problems. Additionally, he (like I) wondered why you were scared. I sense that it's because you are about to embark on a self-directed investment strategy and you are unsure of what you should do. If so, be assured that's a normal reaction, and all of us here have gone through it. For that reason, I'm going to suggest you transfer that money to an IRA at the broker of your choice, but let it sit in an interest bearing money market account for a month or two while you get an education and clarify your goals, your knowledge, your willingness to act for yourself, and your ability to withstand the rigors of the marketplace. To that end, I suggest you take some time to do some easy reading.

I believe can do far better for yourself than most professional money managers. Provided, that is, you take some time to learn a few basic investment concepts and do some self-examination to see where you fit on the risk tolerance scale. Therefore, why not take some time now -- not later -- to be sure about what you want to do. Start first by reading The 13 Steps to Investing Foolishly, which you can access from the main, opening screen to The Motley Fool. They will suggest some important things you should consider. Then I suggest you toddle over to your local library, discount bookstore, or even here in the Fool Mart, and pick up some easily read, easily understood, inexpensive texts that will thoroughly explain how to invest in stocks using some simple systems that will take but an hour per year of your time (if you're slow) yet produce returns that put the majority of professional money managers to shame. I suggest and commend the following to you: "Beating the Dow" by O'Higgins; "The Dividend Investor" by Petty and Knowles; "The Motley Fool Investment Guide" by the Gardner brothers; "One Up on Wall Street" by Lynch; and "What Works on Wall Street" by O'Shaughnessey. All are well worth their low cost and the small investment in time it takes to read them. Get them and read them. You'll be glad you did.

While you're doing all that, also take some time to explore the various nooks and crannies of Fooldom to see what others are doing and what they're discussing. In particular, you should look over the Fools Portfolios area most carefully to gain a full understanding of the methods employed in the various strategies discussed there, especially the RP4 as that's the one that interests you. I also recommend you read my 13 Steps to Foolish Retirement Planning and my Foolish Retirement Plan Primer. Both may be found at , and they will help give you some insight as to what you can do. In the process of all that reading, you'll gain a wealth of knowledge and information that will serve to clarify how you want to approach this very personal issue. Don't be afraid to ask a question anywhere in Fooldom. Folks around here are great about answering questions and clearing up misunderstandings.

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