Purchase with current 401(k) assets


I am currently employed and my 401(k) account is held in a brokerage account (not in the traditional standard mutual fund menu) where I can buy and sell securities, ETFs, bonds, etc. So it is not in a rollover - still employed - can I use a portion of these funds to fund a Personal Pension?


Hi @MerlinPete. Generally funds in active 401(k)s (where you’re still employed) cannot be transferred out for annuity or Personal Pension purchases. However, please check with your employer as some do allow for in service transfers. Otherwise, you can use other savings/checking/brokerage funds or Traditional/Roth IRA funds. Let us know if you have any other questions.