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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25354  
Subject: Re: Can you rollover into IRA anytime? Date: 11/23/2011 4:00 PM
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The answer depends on the rules of your specific plan. Federal law allows rollovers, but most companies do not allow them except under a few circumstances. Usually--

1. When you have left the company.
2. Sometimes but rarely when you reach certain plateaus of years of service
3. When the company is changing custodians or is acquired generally after some major change.

Most prefer the IRA due to the freedom to manage your own investments. An exception can be low cost 401ks with excellent investment options. But most 401k are whatever the employer offers. Take it or leave it.

It is rare that you would be able to rollover your 401k at a time of your choice in the future. Usually you get short windows to decide. After which you must stay until you leave the company.
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