[[Prior to becoming a Fool, I allowed my Full service Broker to start putting my newly vested pension money into a growth fund and a mid-cap fund. ]]Not an unusual story, sad to say...[[Now that I am a Fool and want to start channeling this money into stocks; vis - a - vis the Foolish Four, would there be a Tax liability in taking the money out of the mutual funds and putting to better use in the "market"?]]Not if they are within your "pension" plan. Your first statement is a bit confusing. I can't tell if you "took" your pension funds, and invested them in another retirement vehicle. Or if you paid taxes on your prior pension funds, and they are now in a taxable account. Or if you are talking about some kind of self-directed pension plan. The answer will be different depending upon the circumstances. So if you would be so kind as to clear up the confusion for me, I'll be more than happy to take another crack at your question.TMF TaxesRoyWant to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Be the first one on your block to own this masterpiece. There is still time available to do that tax planning (and tax saving) before the end of the year. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Pay special attention to the "archives" section. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.
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