401K to IRA rollovers


S

Stan K

I know that when we leave (or are left from) our job, we can roll our
401K over into our regular IRA, but are rollovers possible while still
employed?

I heard somewhere that employees who are 59.5 or older can roll their
401K over to an IRA while still employed. Does anybody know if that's
true?
 
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P

Phil Marti

I know that when we leave (or are left from) our job, we can roll our
401K over into our regular IRA, but are rollovers possible while still
employed?

I heard somewhere that employees who are 59.5 or older can roll their
401K over to an IRA while still employed.  Does anybody know if that's
true?
Your plan administrator knows. In service rollovers are allowed, but
not required, by the law. IOW, it's up to the plan.

Phil Marti
VITA/TCE Volunteer
 

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