I am stuck in this boat. The balance at my pre-tax Vanguard Solo 401(k)--started last year--is relatively small (about $8k) and currently invested entirely in VBTLX Vanguard Total Bond Market Index Admiral. I am 57, so I understand that a rollover to my Rollover IRA (also at Vanguard) is not an option because my business is not closing, and I am not yet 59 1/2.
I am strongly inclined to simply transfer the existing plan to Fidelity, but I am annoyed at the $75 transaction fee to liquidate the VBTLX holding down the road at Fidelity. Is there a cash position within Vanguard Solo 401(k) accounts, whereby I could sell the VBTLX, then have everything in cash when it lands at Fidelity? If so, how do I get there? I don't have transaction authority as an employee through my personal login, and the Vanguard employer login interface also does not seem to have a way to transact with assets already assigned. (All of which begs the question of how one rebalances in this type of account.)
Final rant: I so regret setting this up last year. It has been complicated and annoying, and has caused a few unintended consequences not worth going into here, all for a relatively small amount of money. Upon reaching 59 1/2, I am strongly inclined to close the plan altogether, do a rollover to my IRA, and bask in the simplicity.
I am strongly inclined to simply transfer the existing plan to Fidelity, but I am annoyed at the $75 transaction fee to liquidate the VBTLX holding down the road at Fidelity. Is there a cash position within Vanguard Solo 401(k) accounts, whereby I could sell the VBTLX, then have everything in cash when it lands at Fidelity? If so, how do I get there? I don't have transaction authority as an employee through my personal login, and the Vanguard employer login interface also does not seem to have a way to transact with assets already assigned. (All of which begs the question of how one rebalances in this type of account.)
Final rant: I so regret setting this up last year. It has been complicated and annoying, and has caused a few unintended consequences not worth going into here, all for a relatively small amount of money. Upon reaching 59 1/2, I am strongly inclined to close the plan altogether, do a rollover to my IRA, and bask in the simplicity.
Statistics: Posted by FriedOkra — Fri Apr 26, 2024 7:23 am — Replies 326 — Views 27519