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Not locked. You can roll it over into a IRA/ roth IRA and manage yourself. You won't pay early withdrawal taxes as long as you roll over within 60 days.
by xgl5k 3y ago
Not locked. You can roll it over into a IRA/ roth IRA and manage yourself. You won't pay early withdrawal taxes as long as you roll over within 60 days.
- lotsofpulp 3y agoAn 401k custodian that allows an in service distribution (rollover while employed) is rare, and I think it is not even allowed by law before age 59.5. Rollovers typically only happen after employment has ended. https://www.investopedia.com/terms/i/inservicewithdrawal.asp https://www.investopedia.com/terms/i/inservicewithdrawal.asp