401K rollover
My wife works for a firm that has an active 401K and is receiving and making contributions. She is over 59 1/2. If the plan administrator allows, is she able to rollover a lump sum amount to an IRA while still participating in the 401K as an active employee?
Thanks,
Bill Hassler
Permalink Submitted by David A. Medford, CLU, CFP, CRPC on Thu, 2008-04-03 17:44
Yes she can if the plan allows it. You will need to check with the administrater to find out if she can do a full or partial.