Moving the funds from the solo 401k bank/brokerage account to your personal bank account:
- By Check: Make the check payable in your name and deposit the funds directly into your personal bank account. In the memo section of the check, write “Distribution.”
- Electronically: You may also have the bank or brokerage firm process the funds from the solo 401k electronically such as by wire to your personal bank account.
In-kind Distribution of Real Estate Held in the Solo 401k
If an alternative investment such as real estate is being distributed from the solo 401k (in-kind