Rocket Dollar Knowledge Base

Can I take out a loan from my Self-Directed 401(k) or Self-Directed IRA with Rocket Dollar?

The Self-Directed Solo 401(k) allows for loans while the Self-Directed IRA does not.

The Self-Directed Solo 401(k) allows for loans. The loan option allows you to borrow from your own retirement funds, up to 50% of the plan value or $50,000, whichever is less. Solo 401(k) holders may use loans to pay off personal debt, fund a business, or use as the holder sees fit. If you’d like to take a loan from your 401(k), simply fill out the loan application we provide you on your Dashboard.


The Self-Directed IRA does not allow you to take out a loan. There are some exceptions for a first-time home-buyer or hardship withdrawals, but these are not considered loans.


See Our 401(k) Plan