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Greetings, LAM2MMM, and welcome. You ask:

The company I work for recently changed owners and I now have an option to move my former 401K funds to the new 401K plan. Would I be better off moving these funds to a self directed IRA with Vanguard Index 500 or just staying with the 401k account that offers an index 500 fund. Any advice will be greatly appreciated, I'm a new fool.

As Bob78164 points out, with the IRA you will have far greater flexibility in your investment options than you will within a 401k plan. IMHO, that makes the IRA a more attractive option. Whether that's better for you, though, only you can decide.

Regards….Pixy

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