Re: 401k to IRA

>
> >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.

Yes, but I think he has already gotten all of the tax benefit of those
monies when he made the 401k contribution. There will be no additional
benefit to a rollover, which is what I think the original poster was
seeking.

Elizabeth Richardson