Updated almost 14 years ago on .
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401K with me or against me?
BP people,
Do any of you out there have any success or horror stories about pulling out of 401Ks and using those funds as self directed? Or, am I considering to purposefully step on a land mine and blow my nuts off with Tax burden, penalties and a shopping cart under a bridge? I see and research very conservative deals that have safety of principal much higher returns compared to the erosion I see with my 401 K. Like the man under the bridge...Is this crazy talk or is whats sane is a passive investment that does nothing but wait for me to wake up and die. Whats wrong is I do not know whats right.
Jim Mackel