My GF's company has only fidelity option for 401k. Is it possible to directly send pre tax 401k to vanguard? If no, can I move pre tax 401k money from fidelity to vanguard ?
Call up fidelity and ask for the process to do so. Basically from what I recall fidelity will either send it directly to vanguard or send a check to you in your name stating “FBO (for the benefit of)”. That way u don’t get taxed for withdrawing the money. You can then send the check over to vanguard
Will fidelity allow to do this as she still an employee of current company?
Ok I thought she was quitting. Not sure; you should call fidelity regardless
Dude just google it, so lazy.
I did but there is no clear answer and bit confusing
You can’t do a rollover out of a company-sponsored plan while still employed by that company.
her company is not contributing any money to 401k. So does this apply, what you just said?
Yes.
Thank you all for the info, appreciate it 🙂
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She can quit her job and then roll it over.
Will there be any fee for roll over?
Usually