TD Ameritrade removing support for Roth Solo 401k accounts
TD Ameritrade removing support for Roth Solo 401k accounts
I have been informed that Schwab will not support roth solo 401k accounts after the merger with TD Ameritrade in 2023. Thoughts on where would be the best place to roll over these accounts? Is etrade the only viable option now if you want a Roth 401k? Any other providers that allow roth and rollovers?
Re: TD Ameritrade removing support for Roth Solo 401k accounts
I thought I read on here that Fidelity was going to support Roth or that Vanguard was going to support rollovers?
Might want to double check if either of those has changed their program.
Might want to double check if either of those has changed their program.
Re: TD Ameritrade removing support for Roth Solo 401k accounts
I don’t think that changing the provider of a Solo 401k by amending the plan is technically a rollover that may be prohibited by some providers. If you amend the plan, the funds in the plan have to move and any provider will allow this.
Vanguard now allows rollovers into its Solo 401k accounts from IRAs or funds held in a 401k from a forever employer.
Vanguard also allows Roth accounts in its solo 401ks.
Vanguard now allows rollovers into its Solo 401k accounts from IRAs or funds held in a 401k from a forever employer.
Vanguard also allows Roth accounts in its solo 401ks.
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Re: TD Ameritrade removing support for Roth Solo 401k accounts
Vanguard offers a Roth Individual (Solo) 401k, link.DarkNyte wrote: ↑Tue Jan 18, 2022 10:51 pm I have been informed that Schwab will not support roth solo 401k accounts after the merger with TD Ameritrade in 2023. Thoughts on where would be the best place to roll over these accounts? Is etrade the only viable option now if you want a Roth 401k? Any other providers that allow roth and rollovers?
"Everything should be as simple as it is, but not simpler." - Albert Einstein |
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Re: TD Ameritrade removing support for Roth Solo 401k accounts
Vanguard supports rollovers as of sometime last year. The institutional process was still choppy, but it got done.