Is it possible to do a rollover out of a 401(k) while still working for that employer and contributing to the 401(k) in question? I didn’t know that. I thought you could only do it after leaving that employer. Thanks for sharing this info. My wife has amassed a pretty substantial amount in her 401(k), and her plan choices are rather poor, so moving that money out to an IRA would be a good option for us. I’ll tell her to make inquiries at work.