Close & rollover 401k, then start another? | Ed Slott and Company, LLC

Close & rollover 401k, then start another?

I am self-employed (over 59 1/2) and have created several types of accounts over the years (SEP, Keogh). I now have a solo 401K. I am still working but want to transfer all my retirement money to another company that does not have solo 401K (but they have all other types of IRAs). But, I would like to contribute new money into a 401K. I've thought of perhaps closing my current 401K, then somehow rolling it over to another form of IRA, then starting a new 401K, perhaps with another company. Will the IRS allow this? Any suggestions? Thanks, Tom

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