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i currently have a company sponsored 401k w/ an employer that i&#x27;m no longer with....and i need to transfer that money to a ira.  I have never done this before.  &#xD;&#xA; &#xD;&#xA;1.  I would like to have as much control of this money as possible. Is there a way to set up an ira account w/ a company such as e-trade??  I was very involved w/ my 401k acount in the past....but my only options were to change the fund and/or the percentage of each.  I would like to be more in control of my money.&#xD;&#xA; &#xD;&#xA;Any thoughts or advice would be greatly appreciated.

yahtzee · Answer

i currently have a company sponsored 401k w/ an employer that i&#x27;m no longer with....and i need to transfer that money to a ira.  I have never done this before.  &#xD;&#xA; &#xD;&#xA;1.  I would like to have as much control of this money as possible. Is there a way to set up an ira account w/ a company such as e-trade??  I was very involved w/ my 401k acount in the past....but my only options were to change the fund and/or the percentage of each.  I would like to be more in control of my money.&#xD;&#xA; &#xD;&#xA;Any thoughts or advice would be greatly appreciated.

wallstreetcappers · Answer

The answer is yes you can.It is called a Rollover IRA and you can do most everything online through their site if you want to use Etrade.Open a Rollover IRA brokerage account and follow the instructions.I would suggest Scottrade if they have an office in the area you live..cheaper commish and a local office if you have issues.

yahtzee · Answer

thanks wallstreet....much help

accventures · Answer

but use Scottrade

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