Solo 401k

QUESTIONS: Hi – I was looking at self directed retirements plans &  reviewing your plans. Q 1: I am curious can a solo 401k be my lender on an investment property, allowing me to pay the interest to my 401k? Q 2: Or can they come in after i have bought to find the mortgaged […]

QUESTION: Can I take a short term loan out of my Solo 401K? I want to take 5K out for 1 week and put it back. ANSWER: While the minimum solo 401k participant loan amount is $1,000, the rules do allow for early payoff of the loan with no pre-payment penalties. If you’re trying to […]

QUESTION: I have an opportunity to invest in a car wash in CA. I will be partnering with a local, experienced car wash operator who will be responsible for the car wash operations. My role is to provide equity and oversight. My goal is to participate in the revenue upside. My understanding is that Business […]

I emailed last month about creating a new LLC that would have 2 members – my Solo 401k and my husband’s IRA. Both retirement funds would contribute (different amounts) so that we could purchase 1-2 properties. We would like to have your company create that LLC for us.  I do have a couple of questions: […]

QUESTION: Will I be able to rollover some of my 401k solo funds to another trading IRA account ? ANSWER: The solo 401k already allows for investing in stocks or mutual funds, so we can assist you in opening a Fidelity or Schwab brokerage account, for example. However, if you still want to transfer some […]