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Old 12-10-2003, 09:21 PM
PaulMaf
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Default Re: 401K rollover without leaving the company?

- quote -

> From: dontsellthis[at]hotmail.com (lil fos)
> Date: 12/10/03 8:54 AM Pacific Standard Time
> Message-id: <4990f9d8.0312100852.49f87a06[at]posting.google.com
> Is it possible to roll a 401K into an IRA without leaving the company?


If your employer's plan allows it; the answer is yes. If not, No! Most plans do
not allow a transfer while still employed.

  #-1  
Old 12-10-2003, 03:54 PM
lil fos
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Default 401K rollover without leaving the company?

Hi there,

Is it possible to roll a 401K into an IRA without leaving the company?
All material I read assumes that the investor no longer works for the
employer who offered the 401K plan, or that he/she has turned 59 1/2.
Is this because these are the only times one can roll over a 401K, or
are they just the most common cases?

Can I do a direct transfer to another qualified retirement account and
stay with my employer? If I meet the transfer requirements (60 days,
cash to cash, stock to stock, etc.) will there be any other fees or
taxes? Are there other restrictions, such as, I have to stay out of
the company's 401K for a year, I have to roll over all or nothing,
etc., etc.?

Thanks for your time.

 

Tags
401k, company, leaving, rollover
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