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My employer is disbanding and a new group is being formed. Can I at this time take my employee pension plan out of their control and put it into a self-directed IRA with the broker of my choice? The "old" employer is basically the same as the "new" employer but it has a different name. I thought that legally I might be able to take my money and put it into where I want at this time without all of the penalties. Similar to transferring an account from an employer for whom I no longer work. I say this because it will be an "old" employer. Does this make sense?

Thanks for any help,

ryknow
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