My wife started a single member LLC, made some profit in 2018. Opened a solo 401k with vanguard and contributed 20k. In 2019 there was no profit. There is a possibility she may close business next year.
To simplify accounts, want to transfer solo 401k balance to IRA that way she is well prepared if she needs to close business or move out of state. From Vanguard documents, looks like she can rollover all her solo 401k balance to IRA without triggering a taxable event or penalty (both are with VG, planning direct rollover).
thank you in advance.