@Opus 17 wrote:
@macuser_22 wrote:
Depending on the terms of your 401(k) plan it might be possible to roll the 401(k) balance to a Traditional IRA at a financial institution, but not all plans allow that prior to retirement age.
I don't believe you can roll over or transfer a 401(k) to a private IRA if you are still employed by the sponsoring employer.
It is called "An In-service Rollover" . Not all 401(k) plans allow for it and those that do usually have a age limit (often must be age 55 or older) and usually only allow one such rollover a year.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
