Financial idea: crazy enough to work? or just crazy?
Then, from there, move it to a Roth IRA.
I didn’t have time to learn about all the details. But it was explained to me that it’s important to be meticulously careful and perform both transfers in order.
The idea is that I’d have more control/latitude over my money and yet would not remove it from the market. But if I wanted to, I could pull it out almost immediately.
The biggest drawback would be the tax deduction when moving funds into the Roth IRA. But, if you were to go back 6 months ago and do this knowing what you know now, it would’ve likely been an easy decision to make.
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