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Author: Number35 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Rolling over a 401k Date: 9/2/1997 6:33 PM
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In reply to message number 272 by foolishfrank :

><<$45K in our 401K plans... Is there a way to rollover that money into a self-directed IRA>>

>In general, the only way you can roll money out of a 401(k) is to quit your job.

Well, there is another way, though not quite so common. If your company or division is purchased by another company, you are given the option to take a distribution, roll your money into the new company's 401K, or roll your money into an IRA.
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