You've probably heard the sage advice to rollover your 401(k) into an IRA once you've separated from service with your employer. What many people don't know is they don't always have to stop working for their employer to qualify for a 401(k) rollover.
Most company retirement plans (401(k)s, 403(b)s, 457's) include a plan provision called an "In Service Withdrawal".
The in service withdrawal is available to current company retirement plan participants who have reached the age of 59 and 1/2 but are still working for the company. The provision allows them to roll the current balance into an IRA at a different financial institution.