All Forum Posts by: Avril Ann

@Jeffrey Dixon Yes, now that I have a better understanding of the setup, I’m working on that. Thanks.

@Dmitriy Fomichenko I’m new to the Solo 401K game, so I don’t have all the lingo quite down pat. I call them my custodian because I thought that was the correct term to use. However, I do indeed have checkbook control of that account, and I suppose the funds sit there without any interference from them. Thanks for responding.

@Brian Eastman I’ve been asking around and I agree with you. I just need to better understand the tools that I have.

Thank you.

@Justin Windham, thanks for replying. My custodian *does* allow checkbook control but only at the master level, not at the sub-account level. And I’m not sure that there’s a way for me to use the same checkbook for both the master and the sub-account.

I suppose my next step is to find a new provider.

I have a Solo 401K with checkbook control for the master account. But my custodian does not allow checkbook control on designated ROTH sub-accounts. I’d like to convert funds from the master 401K account to the ROTH sub-account (pay the necessary taxes, of course) and then buy real estate with those ROTH funds. But without checkbook control, I can’t see how I can do that. Are there any workarounds?

I've seen examples with SDIRAs where the IRA owns an LLC which has a checking account; money is transferred to that checking account and purchases are made from there.

Is this a valid option for me? Or are there better solutions?

Thanks for any and all help with this question!