If you have a 401K it may be possible for you to move it to an IRA and have more control over where you invest.
The IRS doesn’t care if you keep money in an 401K or a personal IRA. The simple rule is this: If you move money out of a qualified plan, it must go back into a qualified plan, unless you want to pay the taxes and penalties.
Once in an IRA, you can self-direct your investments, take out loans and (with some trustees) you can even invest in real estate.
BEWARE: Your employer’s plan may not allow you to transfer money out of it if you are still employed there. So transfers are subject to their internal policies.
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