Leaderboard
Popular Content
Showing content with the highest reputation on 07/24/2022 in all forums
-
Schwab "Solo 401(k)"
Appleby reacted to Dare Johnson for a topic
I was just dealing with Schwab on this week. All you need is a letter of instruction signed by the trustee to transfer the assets into another 401k brokerage account. This will not generate a 1099-R.1 point -
You need to convince them it's the same Plan and get them to do a trustee-to-trustee transfer. This can be difficult in many cases and can require quite the back and forth with documentation and often times escalating it to higher management to get it done right.1 point
-
Schwab "Solo 401(k)"
Appleby reacted to RatherBeGolfing for a topic
The other option is to simply make the restated plan "002" as a successor plan and have them transfer the assets. No distributable event, but gets the assets away from their locked in product.1 point
This leaderboard is set to New York/GMT-05:00