Hello everyone,
Next year, I'm planning on starting a new LLC to provide liability protection for a side business that I have been building. I've been considering signing up for a Solo Roth 401K through Vanguard for my wife and I which we can use to shelter some of the income being generated. I'd appreciate your advice on how best to access these funds when we get closer to our FIRE date which is about 9 year away.
My understanding is that Roth IRA contributions can be withdrawn at any time, but earnings cannot be withdrawn until 59 1/2. The same holds true for the Solo Roth 401k. How can I access these funds since we will still be well below this age? Is there a way to roll over the funds to a Roth IRA in such a way that the funds can be withdrawn and used?
Thanks for your time and assistance.