With that in mind, if you happen to have a large SDIRA, the less expensive may in fact be with Udirect.I too know Kaaren personally but do not have any accounts with her as I too have a solo 401k plan, not an IRA and my Father's IRA is currently with Equity Trust but will soon roll over to a solok plan like mine.

But it really is pretty straightforward.The complexities arise because of (1) old wive's tales, ie; "they said" and "everybody knows", and (2) gurus telling people that "you need to incorporate".I can't believe how many times in a month I hear or read someone who thinks that; you have to "roll over" the proceeds from the sale of your personal residence to avoid paying taxes on the gain.

@Kevin Parnella If you are changing jobs, you will have the option to rollover your current 401k either to a new employer 401k or an IRA in your own name.If you roll to a 401k, you can borrow from the plan as you note.

@Daniel Dietz You are not allowed to rollover Roth IRA into Solo 401k.The contributions to Solo 401k are based only on the 'earned self-employment income'.

The rollover to the 401k was invalidated.

But I do have $33,000 in a legacy rollover IRA that a certified financial planner invests for me, and I will tell you that I think of that money as peanuts when it comes to retirement income, as any reasonable person should.All the people I am still in touch with from high school and college have, at best, two nice cars, a nice home, a stack of monthly bills a mile high, family photos take by professionals, and money saved up in a 401K.

I could have use Traditional IRA funds too (had about the same amount to roll over in each kind).

@Christa S RickardYou can do what you ask and it sounds like a Roll Over Business Startup (ROBS) but you need to understand the ramifications of what you are thinking about.

You may avoid the taxes if you deposit the funds in an eligible retirement plan (which includes anIRA) within "3 years and a day" of the date of the COVID-19 distribution (note: compare to a 60-day rollover).

Swannyso let me ask you and I am not predicting this in any manner.. what would happen if your 5 year call loans would not roll over and you could not refinance them like happened to multi thousands of investors in 08 to 2010.. how would you handle that. ?