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Updated about 7 years ago,
Solo 401k - using both Traditional and Roth for investment
I am going to be doing a debt consolidation loan to my brother-in-law using my Traditional and Roth Solo 401k (because I don't have enough in any single account). I have opened the Solo 401k checkbook accounts and have a separate account for each the Traditional and Solo 401k. For payment of the loan amounts, do I need to have him make out two separate checks/transfers each month or can one check be deposited into the Traditional account and then immediately transfer the appropriate amount to the Roth account (based on % of initial loan amount)? This is my first time doing this and I could use some guidance.