Updated over 6 years ago on . Most recent reply

Loan from Solo 401k AND Traditional 401k?
If I have a Solo 401k funded at $200k and a traditional (company ran) 401k funded at 200k also, can I take $50k loan from each to have $100k for a downpayment on a rental property?
Most Popular Reply

Yes you can do so assuming that you have not had any outstanding loan under each plan for the prior 12 months (because of the multiple loan rules).