Posted by wisbaker on December 11, 2011 at 11:13:18 from (174.124.143.84):
In Reply to: OT: old employer 401.k? posted by Dave from MN on December 11, 2011 at 10:58:18:
You can roll it over into another IRA with out penaltys, you just have to find someone that you trust to work with. Various agents will sell you different instruments to hold the money in. Unfortunatly you'll be limited to something that is account based, like stock, bonds, mutual funds, precious metals or resources, CDs or money market funds. You might find someone that could invest your money in a publically traded real estate fund. If you take it out of the IRA you'll have to pay taxes and a penatly if you are to young. I am lucky in that I have two firms I would trust for that that are outside of the normal AG Edwards/Smith Barney/ING/State Farm type firm, but both of them have a prequesite before you can do business with them that you might not have.
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Today's Featured Article - Picking Corn - by Rick Nikolich. It was the day before Christmas shutdown at work and I asked our lead engineering expert Scott Andrzejewski what he was going to do over the holidays. He said that he had some corn that he still needed to pick with an antique one-row New Idea corn picker. Scott has a nice farm about an hour north of Lansing in St. Johns, MI. He wanted to get the rest of his corn in by the next day (Christmas Eve). We had about an inch of new snow on the ground and single digit temperatures. So in the bac
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