Rollover from 401(k) to IRA

Submitted by Bill Briner on Fri, 2022-12-02 19:38

My daughter works for Walgreens and I want to see if she could rollover funds in her company 401(k) to a Fidelity IRA while she is still working for Walgreens. Is there a Federal law that allows anyone to do this, or is it an individual company policy decision? Thanks.



Submitted by Alan - IRA critic on Fri, 2022-12-02 20:06

Some of each. IRS rules state that she cannot not roll out her own 401k contributions prior to 59.5 while still employed. The plan provisions determine if any other portions of her balance could be rolled out.

Submitted by Bill Briner on Fri, 2022-12-02 20:35

Thanks Alan.  Not the answer I was hoping for, since she’s only 47, but I knew I could get an accurate answer from you.

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