The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: zahampton on December 04, 2012, 09:42:15 AM
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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.
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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?
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Few, if any, companies will allow you to roll-over your 401(k) to an IRA unless you leave the company.
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Thanks for the info, I'll check with the company.