Question: Can you rollover a 401k to an IRA without leaving your job?
I was wondering if it’s possible to rollover a 401k with your employer into an Individual IRA. I am thinking of rolling over my 401k into an IRA so I can have better investment options than what my 401k offers, but I would like to maximize the employer match. I feel that it’s bad IRA policy to say that’s prohibited this since it discourages being allocate funds the way you want to.
The short and simple answer is no, you cannot convert a 401k to an IRA unless you are separated from your employer or over the age of 59 1/2.
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