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In my ignorance, I went along with the status quo when I began working and put my SEP with the same guy everyone else did, in ANNUITIES. Now, they've been performing okay, and the SALESMAN is a nice enough guy, but I want to feel more in-touch with my money. My current annuity account has a clause that doesn't allow me to move my money for a cretain number of years, which I haven't reached yet. I have no problem leaving my current account & funds there, but would like to start another account with a online brokerage for my future fundings. Does anyone know if this is legal, allowed, etc.? Basically, I would then have two SEP accounts, one no longer receiving new funds, and another receiving all future funds. Thanks!
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