Hacker News Reader

Depends on what you mean by "manage". The money is explicitly yours, the company can never touch it. However; you are locked into the company agreement with the custodian (e.g. Vanguard and their list of investment funds).

View on HN

Not locked. You can roll it over into a IRA/ roth IRA and manage yourself. You won't pay early withdrawal taxes as long as you roll over within 60 days.

An 401k custodian that allows an in service distribution (rollover while employed) is rare, and I think it is not even allowed by law before age 59.5.

Rollovers typically only happen after employment has ended.

https://www.investopedia.com/terms/i/inservicewithdrawal.asp

Reply on news.ycombinator.com