Self-Directed 457B Plan at Charles Schwab

[Craig Lessler]

I have a current 457B plan which I am permitted to self-direct through a brokerage account at Charles Schwab. However, I cannot roll it over to a self-directed IRA while I am still a State employee.

I have already taken advantage of the $50,000 max loan to invest in real estate.

I am allowed to invest in any stocks, funds, etfs, etc. that Charles Schwab sells. Ideally, I would want to use the money to invest in real estate, but My investment options are more limited than if I had a self-directed IRA.

I do not want to invest in stocks.  For the past year, a stock guru who regularly appears on Fox Business News has been buying and selling stocks and I have only netted a 1% gain.

Does anyone have any suggestions where I can invest my 457B plan monies short of withdrawing it and paying taxes?

[George Blower]

@Craig Lessler

If you make Roth IRA contributions, the funds will grow tax free.