Can you rollover a 401k to an IRA without leaving your job?

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.

Answer:

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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