Aug 24 2008
IRS Rules For 401 K Rollover
You can initialize a 401k rollover only once in 12 months as per IRS rules.
If you are below 591/2 years of age, think twice before cashing out the amount as you are likely to be penalized. One of the greatest advantages of a 491k rollover is the reduction in expenses. Many 401k and Ira plans may have high internal expenses.