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I have a poor performing fund ( <1% ) that I want to transfer to my online broker and start a self-directed IRA. Is it as simple as that or does the fund have to be liquidated and the monies transfered? I am confused as to how the monies become available for trading and I do not want to create any un-necessary taxes or penalties.
This fund was purchased as part of a 401k rollover about 5 years ago. The fund was front loaded and there are no back end fees.

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