There will not be a penalty on the money if you roll the money to an IRA
and then convert it to a Roth. Income taxes will be due, however, but no
penalty.

It is possible if the plan allows partial in-service withdrawals.

I doubt it if Vanguard is running it.

You'd have to roll it into a traditional IRA and then recharacterize it and
pay the tax.

"Rich Carreiro" <rlcarr[at]animato.arlington.ma.us> wrote in message
news:m3br7jhzm8.fsf[at]animato.home.lan...
- quote -

"Neil" <NA12345[at]gmail.com> writes:

- quote -

Are you still employed by the employer who runs the 401(k)
you're talking about? If so, you probably cannot make the move.
If you're not, you can.

- quote -

Not if you do a direct trustee-to-trustee rollover.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

Hi,

I currently have a 401K set up with Vanguard.

I want to put some money into an IRA, specifically a Roth IRA.

Is it possible for me to move some money from my 401K to an IRA which
is run by Vanguard? Would I have to pay the 20% tax fee for moving the
money early?

Thanks