Tuesday, February 10, 2009

Can you rollover a 401k without quiting your current job

I hate how my 401k is being managed and want to roll it over into a IRA. Does anyone know how I would go about it?
      Answer1:simple answer is you cant. In order to roll over your assets you have to quit, become disabled, die, or the plan has to terminate. If you dont like how its administered then talk to the plan sponsor about making changes. Perhaps suggest that the participants would be willing to assume 100% of the costs of administering the plan if there were better options....though Im very sure that you dont want to do this.

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