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Rolling active Roth401k into personal Roth IRA

Posted on 7/27/18 at 6:29 am
Posted by Books
BR
Member since Jun 2005
11174 posts
Posted on 7/27/18 at 6:29 am
approximately 1% in fees in my current employer Roth401k account on top of the ER of the index funds I’m invested in. Subsequently, the more my Roth 401k grows, the more I’m paying in fees.

Is there typically a rule that would prevent me from rolling this active account into a personal Roth IRA periodically (quarterly) to lessen the impact of fees?

I would also benefit from a wider selection of funds in my Roth IRA through Vanguard

What are the negatives to this approach? Is this a common practice?
This post was edited on 7/27/18 at 7:54 am
Posted by baldona
Florida
Member since Feb 2016
20512 posts
Posted on 7/27/18 at 6:50 am to
I don't think that while you are still actively employed you can roll it outside of your employer's plan. But that's just off hand information, so I may be wrong.

You'd have to wait until you changed jobs I mean.
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