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Updated about 7 years ago on . Most recent reply presented by

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Craig Lessler
  • Investor
  • Scottsdale, AZ
59
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Self-Directed 457B Plan at Charles Schwab

Craig Lessler
  • Investor
  • Scottsdale, AZ
Posted

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?

  • Craig Lessler
  • Most Popular Reply

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    George Blower
    • Retirement Accounts Attorney
    • Southfield, MI
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    George Blower
    • Retirement Accounts Attorney
    • Southfield, MI
    Replied

    @Craig Lessler

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

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