I have a Solo 401k at TD Ameritrade for retirement investing of side-hustle income. This plan comprises two accounts: a traditional (pre-tax) Solo 401k and a Roth Solo 401k. TD recently announced it will no longer support Roth Solo 401ks and so I need to do something with this account.
- I'd like to rollover the Roth Solo 401k into my Roth IRA at Vanguard. Is this a straight-forward rollover? Do I need to file a 1099-R?
- The Traditional Solo 401k account was never funded, so I can just close that account when I transfer out the Roth.
Note: this is not a "Backdoor Roth" or "Mega Backdoor Roth"; the money in question is already Roth and will remain Roth.