All Forum Posts by: Michael Mastantuono

Has anyone used the loan for principle residence and what could be the greatest repayment schedule?  From the mysolo401k website: If a participant wants a repayment period longer than five years, plan administrators should obtain a sworn statement from the participant certifying that the loan is to be used to purchase the participants principal place of residence (a principal residence, has the same meaning as the term under IRC Sec. 121).  As long as you are purchasing 4 less units, can this still be considered principle residence?

I am looking into converting to self directed 401, has anyone done this on their own or can recommend a law firm with experience handling these? 

Do you need an electrician? I live in Reseda area and can give you a good referral