Author Topic: Can you rollover a 401k before leaving a company?  (Read 337 times)

FrugalSaver

  • Pencil Stache
  • ****
  • Posts: 771
Can you rollover a 401k before leaving a company?
« on: March 29, 2020, 12:41:31 PM »
Mine has good options but Iím not allowed to buy certain exchange traded funds and certainly no individual stocks.

Is it possible to do a rollover to open up more diverse options?

terran

  • Magnum Stache
  • ******
  • Posts: 3416
Re: Can you rollover a 401k before leaving a company?
« Reply #1 on: March 29, 2020, 01:00:55 PM »
Maybe, but probably not. What you're looking for is language about "in service withdrawals" in the plan document. I would just be grateful you have good investment options. Many don't.

reeshau

  • Handlebar Stache
  • *****
  • Posts: 1223
  • Location: Houston, TX
Re: Can you rollover a 401k before leaving a company?
« Reply #2 on: March 30, 2020, 02:04:02 AM »
@terran is right; it's a matter of plan policy.  For example, my company's plan allows one in-service withdrawal, up to 50% of the plan value, at age 50.

The other thing to look for is if your plan has a brokerage window.  (or lobby your HR for it)  Fidelity calls this BrokerageLink.  I can invest in (nearly) anything that I could in an IRA.  Note:  you will still be subject to the 401k's plan expenses with a brokerage window.  Since you are using the retail platform, this will become a distinct fee, because they can't roll it into the fund fees.