Investing 102

[GregWeld]

Originally Posted by Rick D

Greg is it better to go to the brick and mortar or can it be done online?? Does it really matter which brokerage house??

I think the brokerage choice is more about CONVIENENCE... as long as we're talking "discount" brokerages. Fidelity / Schwab etc.

I'm positive you can not do the transfer via "on line" as you'd need to sign documents etc.

RE: The ROTH vs traditional rollover (basically nothing more than a fancy word for transferring control).... BE VERY CAREFUL HERE!! The US Government wants you to screw this up so they can stick their hand in your pocket!! TALK TO A PROFESSIONAL before doing anything! Thus going to see your new discount brokerage first hand and asking some important questions.

Their are limits to the ROTH --- Tax consequences -- Income limitations - and on and on.... The ROTH account is by far the best but this is a math issue when transferring one type of account into another type of account. The brokerage can help you think thru this plan.