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Updated almost 7 years ago on . Most recent reply
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How to find a good Solo 401k provider
I have a little nest egg in my traditional 401K that I have through working a W2. I now would like to lend money to myself to be a down payment on a flip. I've read up and think that a Solo self-directed 401k would be the best way to go for this purpose (up to 50k loan) to myself.
But there are a lot of companies out there that sell DIY kit with documents and forms. Should I look for a local CPA to set this up for me, a document farm and work it out myself, or something else.
Because I'm hoping for a budget option, perhaps I could find a document farm that would provide support if I had questions during and after initial set up. I'm willing to call around to a handful of providers to vet them, but how would I know if I've found a good one?
Thanks