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Updated 11 months ago on . Most recent reply

User Stats

74
Posts
22
Votes
Avery Robertson
  • Firth, ID
22
Votes |
74
Posts

Self Employed 401k Loan

Avery Robertson
  • Firth, ID
Posted

I recently left my W2 and am now self employed. I had previously used the loan option on my 401k when I needed additional liquidity. Is there anyone that has experience with a solo 401k provider that provides a loan option? 

Most Popular Reply

User Stats

107
Posts
93
Votes
Josh St Laurent
  • Financial Advisor
  • Stateline, NV
93
Votes |
107
Posts
Josh St Laurent
  • Financial Advisor
  • Stateline, NV
Replied

Hey @Avery Robertson it's a good question.  As a financial advisor I custody through Altruist and open solo 401ks through them that allow for loans the same as a standard 401k would.  Most custodians should allow for it as long as the plan is set up correctly.

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