Can you roll over a 401-k account to any other savings..ie. Keeog, Roth or other without retirement. Ive heard about hardships, but they do not cover pending anything (attorney fees) that Im running into . The safest one.
2007-10-27 17:31:03 · 3 answers · asked by roth19722000 2 in Business & Finance ➔ Personal Finance
Accoording to TRowe... I cannot make any withdrawl until I eather leave company or retire...
2007-10-29 03:19:16 · update #1
a 401K can be rolled into a Rollover IRA without penalty. You cannot withdraw the money without penalty until you are 65, but you may have more control over it.
2007-10-27 17:35:07 · answer #1 · answered by Computer Guy 7 · 1⤊ 0⤋
I recomend rolling it over to a Roth in most situations, even though you will have to pay taxes. If you are not ready to pay taxes or if it is not best for your tax situation a traditional IRA is fine. There is great advice at daveramsey.com and endorsed local providers in financial services.
2007-10-28 00:44:35 · answer #2 · answered by james h 2 · 1⤊ 1⤋
no. not without the penalty and taxes
2007-10-28 00:34:00 · answer #3 · answered by Anonymous · 0⤊ 1⤋