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401k ?

Discussion in 'Business Forum' started by bracks02, Aug 1, 2005.


  1. bracks02

    bracks02
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    Joined:
    May 20, 2005
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    Location:
    North Carolina
    I was wondering if anyone could answer a question about rolling over my 401K into an IRA? I need to know if i can do it while i'm still employed with the company?
     
  2. chadster1

    chadster1
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    dealer for

    Joined:
    Jul 20, 2005
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    Location:
    Texas
    A lot of that is going to depend on the rules your employers 401k plan. Most plans will not let you roll it over while you are still employed. The plan administrator would be the best person to ask.
     

  3. DBradD

    DBradD
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    Joined:
    Apr 24, 2005
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    Location:
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    I'm 97.43% sure that this is never allowed.

    You didn't give enough info to describe your motivation, but keep in mind you could always just put in the min 401k amount that will snag your company's match, and do most of your retirement savings in a roth ira. Most people I know think that's a better idea anyway.

    DBD