Company changing 401k services

Company changing 401k services

Posted in the 401K Forum


Wausau, WI

#1 Feb 9, 2012
My company is changing 401k service providers. I like the holdings I have with the original provider. I have been told that since I am 55 I can take a portion out of the original funds, convert them to an IRA and keep them from moving to the new provider during the trustee to trustee transfer. I am not leaving my employment. Is the advice legit, if so what is the formula and the specific loop hole?

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