No. of Recommendations: 1
She happens to be comfortable with a "money manager" that her family has dealt with for years but wants to be a little more aggressive with her portfolio. Her question is...can she direct 90% of the funds to that money manager and divert 10% to a self directed IRA without penalty?

She should be able to do partial rollovers. Both accounts would have to be IRAs, unless she was willing to pay taxes on the 90% she placed with the money manager. (After taxes, it would probably end up being more like 60%, if she did that.)

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