Most businesses start something like this — you wake up one day and go, “Eureka! I am going to start my own business.” You kick on your shoes, roll up those sleeves, brag to all your friends, and get to work! Then everything evolves over time from there. If your idea works, then you grow […]
ROBS 401(K) Plans
The ROBS Arrangement Retirement Strategy
A ROBS Arrangement stands for ‘Roll-Over as Business Startup’. As the name implies, this is a retirement strategy that allows entrepreneurs to finance a business purchase or acquisition by using their retirement funds in a tax-deferred rollover. I am commonly asked, “seriously? I can start my own business using my 401(k) funds without penalty?” Yep, […]