Can I xfer money from 401k with present employer to a IRA while still contributing to 401k?

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401k
401help asked:

I am currently contributing to my 401k plan at my present job. I don’t like the choices they give me and the brokerage plan charges $18 per trade and $100 a year maintenance fee. Can I continue to fund the 401k plan and transfer the moneys to a Roth IRA or similar plan at another brokerage?


Question posted courtesy of: Walter
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    • This entry was posted on Monday, July 14th, 2008 at 6:03 pm and is filed under Financial Planning. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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    2 Responses to “Can I xfer money from 401k with present employer to a IRA while still contributing to 401k?”

    1. newjerseyguy Says:
      July 17th, 2008 at 5:08 am

      According to, you cannot.

    2. The Professor Says:
      July 17th, 2008 at 8:09 am

      The current plan are not adequate and suggest changes they should do is get group of employees together to your human resources department explain why you cannot what you cannot what you cannot what you cannot what you think the current plan are not adequate.
      The current plan are not adequate and suggest changes they should do is get group of.

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