« previous next »
Pages: 1

Author Topic: Roll over active 401k to Vanguard?  (Read 3204 times)

zahampton

  • 5 O'Clock Shadow
  • *
  • Posts: 5
Roll over active 401k to Vanguard?
« on: December 04, 2012, 09:42:15 AM »
This might be a wildly crazy idea so I wanted to run it by you lovely people to get your input. Is it possible/rational/feasible to roll over an active 401k to a new Vanguard account? I will continue to contribute to the 401k after the rollover.
Logged

grantmeaname

  • CM*MW 2023 Attendees
  • Walrus Stache
  • *
  • Posts: 6193
  • Age: 32
  • Location: Middle West
  • Cast me away from yesterday's things
Re: Roll over active 401k to Vanguard?
« Reply #1 on: December 04, 2012, 11:05:55 AM »
Normal 401(k) accounts exist only with an employer, so Vanguard doesn't do 401(k)s for its investors. What you would want to do is an in-service distribution to a traditional IRA. Does your 401(k) custodian allow those?
Logged

Catbert

  • Magnum Stache
  • ******
  • Posts: 3529
  • Location: Southern California
Re: Roll over active 401k to Vanguard?
« Reply #2 on: December 04, 2012, 12:01:01 PM »
Few, if any, companies will allow you to roll-over your 401(k) to an IRA unless you leave the company.
Logged

zahampton

  • 5 O'Clock Shadow
  • *
  • Posts: 5
Re: Roll over active 401k to Vanguard?
« Reply #3 on: December 04, 2012, 12:07:05 PM »
Thanks for the info, I'll check with the company.
Logged
Pages: 1
« previous next »
 

Wow, a phone plan for fifteen bucks!