Birdwatch Note Rating
2024-01-12 17:53:43 UTC - HELPFUL
Rated by Participant: AD84A3D6F2E3867462519DAAD564100132C4BE11A5C2EFD77598D09B2961C35D
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Original Note:
Its not possible to move 401k providers. The employer would need to do this. They control the plan. You can rollover your 401k into an IRA but this has its own risk and tax repercussions. This post is misleading and attempting to present a false narrative. https://www.ameriprise.com/financial-goals-priorities/retirement/should-you-roll-over-401k-to-ira-while-still-working#:~:text=The%20short%20answer%20is%20yes,your%20401(k)%20savings.
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