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Are you able to roll over 401k assets from a current job/company into an IRA? The costs of 401k are high and limited options to invest, I would like to take and roll into an IRA, is this legal?

It is legal to do an 'in-service rollover'. However, your current 401(k) plan must allow you to do so. Most do not unless you have reached 59 1/2. But, there are some that do allow it - you will need to check with your plan administrator to see if your plan is one that does allow 'in-service rollovers'.

If you are very unhappy with your choices, and don't feel the downside of the high costs and limited choices are offset by the tax benefits you get (either the current tax benefit for tradtional accounts, or the future tax benefit associated with Roth accounts), then it would probably be best to invest in your 401(k) only up to the match that you get and invest other money in a taxable acocunt. If you don't get any match, then just invest in a taxable account.

AJ
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