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neonHumane: I am a newbie here, but of late, learned that Fidelity and my employer allow 401k money to be invested in any stocks(instead of just a few hand-picked ETFs or mutual funds).

Has anyone done that? I want to do it. I understand it is a huge risk taking control of the full 401k portfolio and invest it all with the help of Fools-Stock Advisor recommendations and the recently announced Allocator houses. How do I go about doing this?

I don't recall exactly when I did it, but at some point over 20 years ago, while still actively employed, I took a significant portion of my 401(k) and rolled it over to an IRA where I could self-manage the investments. It was around the time that I first connected with this little venture on AOL begun by Tom and David, the brothers Gardner... I've never regretted that move.

I'm 79 now, well into retirement years, living mostly on the IRA's Required Minimum Distributions (supplemented a little bit by Soc Sec). My employer at the time of my retirement offered the option of taking the traditional pension in the form of a single Lump Sum...I opted for that, so my IRA funds began with what had been the 401(k) plus that Lump Sum.

And I've managed my own IRA funds since retirement.

Have all the investments made money? Of course not, but as has been noted on these message boards here and there, you shouldn't expect them all to be winners. If, however, you generally follow the Foolish recommendations you can get here in the various services--find one that suits your personality and risk profile--you'll do well.

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