If I have a sizable 401k; still working with the same employer. I have always wanted to 'roll-over' money to say a IRA outside of my current institutional provider (don't love all the investment options), especially maybe a Roth IRA, but my plan really restricts this, and contribution limits. Possibly an opportunity to legally move $$ with no penalties, tax liability that some might never get? If I take out early an distribution now (2020), and assuming I decide to 'repay' in the same calendar year (2020), my understanding I would not be subject to income taxes, if I understand this correct. I assume that I could 'repay' to another retirement account-such as a traditional IRA or Roth IRA, outside of my current employee $401k. My rationale would be that this would be a an opportunity to diversify to possibly other investments programs/vehicles that my current 401k offer. I am not allowed to contribute to a ROTH IRA (income limits)--is this an opportunity that one could transfer essentially $100,000 to a Roth IRA with no penalty, tax consequences?
401k to traditional IRA? Can I repay into this.
401k to Rota IRA? Can I repay into this vehicle without tax consequences? Seems like this would be unlikely?
