My wife has a 401(k) with her employer that she has been contributing to for years. They recently switched administrators for the 401k, and the new outfit is simply terrible - bad fund choices and outrageous fees.
I would like to roll over her 401(k) into an IRA where I can manage the investment choices myself. I know we can do that if she were to quit her job, but can we do it while she is still employed there?
The answer to your question in almost all cases is, "No.". You can only roll over a 401k to an IRA at the time you leave a company. There are some exceptions as noted by Dougman, but generally, there isn't a way to do this.
We're over 59.5 and we moved 250 K to an IRA and we're getting ready
to do it again. the rules are clear and it is easy and available.
Just because someone chimes in on the internet doesn't make them
credible. You can do it. We have done it. One phone call.