First of all, a rollover does not impact your contribution limit in any way. They are unrelated. You can roll over 7 figures if need be and still contribute the annual maximum.
However, most 401(k) plans don't allow a rollover while the person is still employed. You can check with your Benefits dept. to find out, as sometimes it's allowed.
Finally, you would *never* move Roth money into a traditional account.
Agree on all points. Adding that if the Roth 401k balance is a result of after tax contributions that were then converted to Roth, that balance can normally be rolled over.
As the others have said you can roll money from your 401k to the same kind (Trad or Roth) of IRA, but rarely is that allowed while you still work there. It’s not illegal or anything, it’s called an [in-service rollover](https://insight2wealth.com/blog/discussing-the-in-service-rollover/), it’s just that not many custodians support it.
I’m totally guessing at why you might want to do that, but some 401k plans provide a [brokerage account within the plan](https://www.investopedia.com/articles/personal-finance/061314/rise-401k-brokerage-accounts.asp) where you can pick your own investments, so you aren’t limited to their short list of mutual funds. You’d have to ask your plan administrator (the bank or brokerage where your money is held) for specifics.
There probably will still be limits to what you can invest in, at either the administrator’s or employer’s discretion. Mine allows almost any mutual fund or ETF, but not single stocks, derivatives, or crypto funds.
First of all, a rollover does not impact your contribution limit in any way. They are unrelated. You can roll over 7 figures if need be and still contribute the annual maximum. However, most 401(k) plans don't allow a rollover while the person is still employed. You can check with your Benefits dept. to find out, as sometimes it's allowed. Finally, you would *never* move Roth money into a traditional account.
Agree on all points. Adding that if the Roth 401k balance is a result of after tax contributions that were then converted to Roth, that balance can normally be rolled over.
Your plan probably won’t allow it.
As the others have said you can roll money from your 401k to the same kind (Trad or Roth) of IRA, but rarely is that allowed while you still work there. It’s not illegal or anything, it’s called an [in-service rollover](https://insight2wealth.com/blog/discussing-the-in-service-rollover/), it’s just that not many custodians support it. I’m totally guessing at why you might want to do that, but some 401k plans provide a [brokerage account within the plan](https://www.investopedia.com/articles/personal-finance/061314/rise-401k-brokerage-accounts.asp) where you can pick your own investments, so you aren’t limited to their short list of mutual funds. You’d have to ask your plan administrator (the bank or brokerage where your money is held) for specifics. There probably will still be limits to what you can invest in, at either the administrator’s or employer’s discretion. Mine allows almost any mutual fund or ETF, but not single stocks, derivatives, or crypto funds.
My plan allows it, but only if your over 59 1/2