Date: Wed, 3 Dec 2003 04:11:27 CST
From: paulmaf@aol.com (PaulMaf)
Newsgroups: misc.invest.financial-plan
Subject: Re: 401k to IRA
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>From: Tad Borek borekfm@pacbell.net 
>Date: 12/2/03 2:18 PM Pacific Standard Time
>Message-id: 
>

>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.