Converting traditional IRA/401K to Self-directed or SoloK

[Catherine Decker]

Hi - I have been doing research on self-directed IRAs and SoloK's. I would like to either roll-over a 401K from a former employer into a SoloK or self-directed IRA or start one.

Here's what I want to know, has anyone done this? If so, can you recommend a "custodian" for these type of accounts?

How does one convert a traditional IRA or 401K into a SoloK or self-directed IRA?

I would love to free up my capital so I have more investing flexibility, but the answers to these questions have eluded me. Any tips or tricks from the BP community would be welcome!