What type of account can i invest my profit sharing plan into.?

Question

I have a profit sharing from my previous employer justing sitting their not earning any interest and paying them maintenance fees. I will like to know what type of account can I invest my profit sharing in without having to pay taxes? If that is possible.........

Answer 1

You can roll your money from a company's profit sharing plan into an IRA you open at a bank or brokerage house.