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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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Wealthfront prepared this article for informational purposes and is not intended as tax advice nor as an offer, recommendation, or solicitation to buy or sell any security. Wealthfront does not represent that any strategy will result in any of the outcomes described, including the effectiveness of any strategy in reducing tax liability, as this depends on an investor’s specific tax and investment profile. Investors are encouraged to consult their personal tax advisors regarding their unique circumstances and any outcomes/consequences that may result from any investment strategy. 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.

Wealthfront and its affiliates may rely on information from various sources we believe to be reliable (including clients and other third parties), but cannot guarantee its accuracy or completeness. See our Full Disclosure for more important information. Financial advisory and planning services are only provided to investors who become clients by way of a written agreement. All investing involves risk, including the possible loss of money you invest. Past performance does not guarantee future performance.

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