401K to IRA rollovers

Apr 06, 2010 1 Replies

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Stan K 16 years ago

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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Phil Marti 16 years ago

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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