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401k Rollover
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<blockquote data-quote="1989" data-source="post: 490379" data-attributes="member: 10280"><p>Of course if you are saving more than the $5000 limit you must use other vehicles. </p><p> </p><p>MLP's can work if you are worried about taxes now.</p><p> </p><p>You have limited control in your 401K because you only have maybe 15 or so places to put the money. There are fees if you just have the money in the funds and expensive fees if you use a self managed account. If you move some money between funds the transaction doesn't take place until the end of days closing price. Which can be a 5% difference from 10AM to the close with the S & P 500. Plus the penalty for early withdrawal with the 401K.</p><p> </p><p>With the Roth you have no fees. You can buy any ETF or stock immediately with a low $10 commision or lower.</p><p> </p><p>Working people have many deductions against their income and have ways to make more money. Retired people are usually on a fixed income and just have the standard deduction against their income.</p></blockquote><p></p>
[QUOTE="1989, post: 490379, member: 10280"] Of course if you are saving more than the $5000 limit you must use other vehicles. MLP's can work if you are worried about taxes now. You have limited control in your 401K because you only have maybe 15 or so places to put the money. There are fees if you just have the money in the funds and expensive fees if you use a self managed account. If you move some money between funds the transaction doesn't take place until the end of days closing price. Which can be a 5% difference from 10AM to the close with the S & P 500. Plus the penalty for early withdrawal with the 401K. With the Roth you have no fees. You can buy any ETF or stock immediately with a low $10 commision or lower. Working people have many deductions against their income and have ways to make more money. Retired people are usually on a fixed income and just have the standard deduction against their income. [/QUOTE]
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