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Subject:  401k Limitations Date:  10/5/1998  2:52 AM
Author:  rowgumby Number:  5842 of 104336

My company subscribes to the Merrill Lynch 401k program. They match my contributions 50 cents on the dollar so I can't afford to pass up this option.

I have a naturally foolish aversion to the business practices and investment philosophy of Merrill-Lynch.

I also don't like the limited number of investments in which I may allocate my funds. I would much prefer some form of contributory IRA stock account.

So the question that comes up is: Can I transfer these funds (after, of course, the employer-matched contribution) to a different account, such as another tax-deferred type of retirement account, that is under my control?
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