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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (148990)	9/22/2008 1:36:27 PM
From: bentway	Read Replies (1) \| Respond to of 306849

"could he opt out and rollover into a IRA?" That's what I did a while back. Rolled into a self-managed Datek IRA, which became an Ameritrade IRA and is now a TD/Ameritrade IRA. I wasn't wrong.

To: MulhollandDrive who wrote (148990)	9/22/2008 2:03:01 PM
From: GraceZ	Respond to of 306849

could he opt out and rollover into a IRA? Yes. I suggested he do that about two years ago. My husband tends to get like a deer frozen in the headlights when it comes to making decisions like this. He is slowly coming around to the same conclusion, but he has the same problem that most Americans have, he can't believe that some "professional" money manager can't do a better job than he could do on his own. I never bought into that idea even back in the beginning when I knew nothing, so I was forced to learn as much as I could early. My thinking was that eventually one has to manage their own money, do you want to learn later in life when you have a lot to lose or do you want to learn early when you have little to lose and a long time to make up for mistakes? I stay out of his financial management even though I've been advising clients for many years. This has acted as a good offset to my own management style, because I tend to be more of a risk taker than he has been and it has worked out well for us to have one of us be risk averse. He sleeps better at night than I do even with the terrible returns, they are predictably terrible returns.