I'M SURE YOUR EMPLOYER HAS RULES AGAINST THAT. QUESTION: WHY? IS YOUR
401(K) THAT CRAPPY? IF SO, TRY THIS: CONTRIBUTE JUST ENOUGH TO YOUR
401(k) TO GET 100% OF YOUR COMPANY MATCH, IF YOU CAN, THEN INVEST THE
REST OUT OF PLAN IN EITHER A TRADITIONAL OR ROTH IRA, DEPENDING ON YOUR
SITUATION.

Steven wrote:
- quote -

- quote -

IRAs have no ERISA protection at any level.

A fair number of large employers allow in-service rollovers. The big
companies in town that allow it are Abbott Labs, GE, and Procter and Gamble.
But an even larger number of companies don't allow in-service distributions.

As to why, there are MANY reasons. In fact, the only reasons NOT to do it
are loan privileges on the 401(k) [generally a terrible place to get to
money, anyway] and ERISA protection [which IRAs have, for the most part, on
a state level]. Reasons to complete an in-service rollover include:

==> Roth Conversion potential
==> Ability to pay for college without 10% penalty
==> More investment choices
==> Ability to buy and sell individual stocks, bonds
==> Ability to sell covered calls against company stock (and other stock,
of course)
==> Better beneficiary designations
==> Ownership of the money (anybody remember Enron?)
==> Ability to set price targets when selling company stock
==> Ability to set stop loss orders on company stock
==> Others



"BMS" <mcfarland[at]yahoo.com> wrote in message
news:fuaVb.195559$5V2.1074855[at]attbi_s53...
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"BMS" <mcfarland[at]yahoo.com> wrote in message
news:fuaVb.195559$5V2.1074855[at]attbi_s53...
- quote -

I'm not answering for the OP, but I can think of a very good
reasy why. A couple of jobs back I had a really shitty plan
at work. Very limited options as far as choices in where/what
to invest in. Couldn't go outside anything offered as part of
TheCompanyPlan. Sometimes you might want to go outside
TheCompanyPlan to open up more options.

"Steven" <Steven[at]Google.com> wrote in message news:<Rc%Ub.471$Lp.452[at]twister.nyc.rr.com> ...
- quote -

I think it is up to the plan. But, I would think such plans would be
in the minority.

Depending on your plan's documents, partial in service rollovers are
possible. The question is why?

"Steven" <Steven[at]Google.com> wrote in message
news:Rc%Ub.471$Lp.452[at]twister.nyc.rr.com...
- quote -

- quote -

Only if yourEmploer's plan allows it. The vast majority do not.

Am I allowed to rollover my 401k to an IRA while still at the job? Any
ideas. Thanx.