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Self-directed Solo 401k Daily FAQ: I previously set up a Solo 401k plan with your company. I need to replace my roof on my home. Can I take a loan from my Solo 401k?
Certainly – you can take a loan of up to 50% of the balance not to exceed $50,000.
The loan must be paid back in monthly or quarterly payments with equal payments of principal and interest (prime plus 1%) spread over a 5-year term.
We will prepare the required loan documents are part of our services for no additional