Becoming self employed - what to do with 401K

[Jessica Sander-Cederlof]

I am 26 years old and married. I graduated from college and started working for our sheriff's department and then moved over to our county Assessor's Office. In total I have been with our county offices for about 5 years. At the end of the month I will be quitting to be able to work on my own two businesses. Yay! Business one is dog breeding. I breed goldendoodle puppies. Business two, is a real estate business that I am in with two partners. We have a few deals under our belts but we are certainly working to get more. Anyhow, my question is what should I do with my 401K that is with my current employer? If I should put it with another company does anyone have any recommendations? I am located in Colorado. I would like to keep it somewhere where it could possibly be used for real estate purposes but I don't know if that is possible. I'm just looking for some suggestions. Thanks!  

[Chris Soignier]

A Solo 401k is the way to go, they have many advantages over SDIRA's as long as you qualify.  Even if you don't have any/enough real estate deals to deploy your capital right away, with the right custodian you can invest in publicly traded securities or anything else to the extent it's not disallowed by the IRS (collectibles and life insurance).