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To: IngotWeTrust who wrote (7298)	2/10/1999 3:52:00 PM
From: sandbag	Read Replies (1) \| Respond to of 14427

"Why can't you opt OUT of the 401K, take the penalties IF there are any, and move your contributed portion to a self-managed IRA?" I would love to do that, but to my knowledge the only way to get the money out is if I leave the company. I have tried before. I guess the logic is that taking the money out is defeating the "pension" aspect of a 401k. I know it can easily be rolled over when one leaves his/her job. Regards Barry P.S. I have been whacked in the past on a 401k with a 40% tax and 10% penalty. It wasn't fun.