Rollover my 401k before I leave the company
This is a discussion on Rollover my 401k before I leave the company within the Tax Issues forum, part of the BUSINESS & FINANCE LAW category; Can I transfer or rollover my 401k before I leave the company?...
![]() |
|
|
Thread Tools | Search this Thread | Rate Thread | Display Modes |
|
|
#1 |
|
Guest
Posts: n/a
|
Can I transfer or rollover my 401k before I leave the company?
|
|
| Sponsored Links |
| Consult Your Own Personal Lawyer Now! |
|
|
#2 |
|
Guest
Posts: n/a
|
This is what I see: Legally, yes the IRS allows you to rollover 401(k) money into a Traditional IRA at any time. However, most employers will not allow this. Usually you will have to quit, retire, be fired, or become disabled to do this.
Companies often times have exclusive contracts with the fund companies in their plan and do not want money of current employees going out the door to someone else. Also, it becomes a major hassle for employers to rollover money every time an employee wants to move a little money to an IRA. Most 401(k) plans are not heavily staffed and this would place an undue burden on them. It's great when your employer does allow rollovers at any time, however most will not allow rollovers until you sever employment. Often times it is the restrictions of the company plans that cause the problems, not the IRS. |
|
|
|
#3 |
|
Guest
Posts: n/a
|
thank you!
|
|
![]() |
| Bookmark & Share |
| Tags |
| None |
This thread has 2 replies and has been viewed 817 times
| Thread Tools | Search this Thread |
| Display Modes | Rate This Thread |
|
|
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Toyota Withheld Docs in Rollover Cases, Says Former In-Houser | WSJ Law Blog | Law News | 0 | Feb 26th, 2010 06:10 PM |
| The Ford Rollover Litigation: The Scoop On the Coupons | WSJ Law Blog | Class Actions & Defective Products | 1 | Aug 4th, 2009 10:52 AM |
| My husband's 401k | Unregistered | Wills, Trusts, Estates | 1 | Aug 31st, 2008 07:46 AM |
| 401k (two names on the IRA) | Unregistered | Divorce, Separation, Annulment | 1 | Feb 4th, 2007 01:16 PM |
| 401k and foreclosure | Unregistered | Other Real Estate Law Matters | 1 | Dec 6th, 2006 12:11 PM |
All times are GMT -4. The time now is 12:27 AM.









Linear Mode

