Confused on Using a 401K

[Bruce Harding]

I read this article on this forum:  

https://www.biggerpockets.com/renewsblog/understan...

From everything else I have read it is my understanding that you can't get a loan against a 401K larger than $50K.   According to this article this may not be correct ?

Am I misinterpreting the article ie. Is it implying rolling over the 401K into an IRA ? I don't see the details spelled out.

I am self employed. I have a self directed 401K. I also have a self directed IRA from the past.

To roll over my 401K into my IRA I would have to shut down my S-Corp and start a new S-Corp I thought.