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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Re: Roll from active 401k to IRA? Date: 11/18/1998 4:51 PM
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Greetings, SeaDweller, and welcome. You asked:

<<Would anyone be able to tell me if the following scenario is possible:

Say I have $15,000 in my 401k with my current employer, $10,000 of which is fully vested. I am also actively contributing to the plan.

Can I roll that $10,000 into my self directed IRA as I would if I was quitting? Would I be able to move monies in which I am fully vested multiple times per year?>>


Generally, you cannot move money out of a 401k plan sponsored by an employer for whom you still work. You have to wait until you leave that job to transfer it to an IRA. Some plans do allow limited in-service withdrawals of employer contributions at any age or all contributions after age 55 under certain conditions. You have to check with your employer to see if your plan has such a proviso.

Regards….Pixy

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