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Can I roll over a 401k or other employer-sponsored retirement account from a current employer?

In most cases you cannot roll over an employer-sponsored retirement account from a current employer. Rollovers are typically from former employers. You cannot roll over your account if it's in a plan that is sponsored by a current employer, unless your plan administrator allows "in-service" rollovers. Before attempting a rollover from a current employer, please contact your plan administrator to find out if they allow "in service" rollovers.

Please see the IRS website for more information.

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This article is not intended as tax advice, and Wealthfront does not represent in any manner that the outcomes described herein will result in any particular tax consequence. Prospective investors should confer with their personal tax advisors regarding the tax consequences based on their particular circumstances. Wealthfront assumes no responsibility for the tax consequences to any investor of any transaction. Investors and their personal tax advisors are responsible for how the transactions in an account are reported to the IRS or any other taxing authority.

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