Re: 401k to IRA

>From: Tad Borek [EMAIL PROTECTED] 
>Date: 12/2/03 2:18 PM Pacific Standard Time
>Message-id: <[EMAIL PROTECTED]>
>

>No...way off...first - you might not be able to even consider it. If you 
>leave a job, you're allowed to move money from the old 401k plan to an 
>IRA, that's called a "rollover" of the assets. But you can't rollover 
>assets from your current job's active 401k plan.
>

He can if his plan allows it. IBM's plan does or at least did allow such
transfers.
The vast majority of plans do not allow a rollover while the person remains
emplyer with the firm.