The Rollover Business as Startups (ROBS) Solution – The Pros and Cons
ROBS stands for Rollover for Business Startups. The IRS describes ROBS as “an arrangement in which prospective business owners use their retirement funds to pay for new business start-up costs.” Essentially, the ROBS solution lets you use your retirement funds (IRA, 401(k), etc.) to start your own business. Note: you can also use ROBS to […]
Never do This with Rollover as Business Startups
The rollover for business startups is a great structure to invest in your business with your retirement funds. Here’s what you shouldn’t do with it.
Self-Employed 401k Plan Advantage
Self-Employed 401k Plan Advantages for Small Business Owners A Self-Employed 401k Plan, also known as the Solo 401(k) Plan, is an IRS approved retirement plan. It is best suited for business owners who do not have any employees other than themselves and perhaps their spouse. The Self-Employed 401k Plan (aka, One-Participant 401(k) Plan by the […]
Using 401k Funds to Start a Business
Many entrepreneurs are shocked to learn that the IRS allows you to use your former employer 401(k) funds or even your IRA funds to buy or start a business. Individuals can also use their 401k funds to invest their current businesses. This article will explore how you can use your 401k to fund or invest […]
How to Set up a Solo 401k Plan
Set up a Solo 401(k) plan today! It’s easy when you work with IRA Financial Group. We’ll assist you in completing your plan documents, opening a bank account for your Solo 401(k) and much more.
How to Transfer a SIMPLE IRA to a Self-Directed IRA
Self-Directed SIMPLE IRA Individuals generally transfer IRA (individual retirement account) or rollover eligible qualified retirement plan assets into a Self-Directed IRA LLC structure. You can also roll over after-tax retirement funds to a Self-Directed SIMPLE IRA. What is the Most Common Way to Fund a Self-Directed SIMPLE IRA? Transfers and rollovers are types of transactions […]
Beginner’s Guide to Solo 401k
If you have interest in establishing a Solo 401(k), you’re most likely self-employed, or someone who makes a portion of your income through self-employment activities. You may also be a small business owner with no full-time employees. If so, you can take advantage of a Solo 401k. But what exactly is a Solo 401k? This […]
Student Loans – Executive Orders
Student loans, executive orders, and eviction moratoriums greeted the American people during the new administration’s first hours.
Top 3 Businesses Using the Rollover Business Startups Solution
Whether you are already utilizing Rollover as Business Startups (ROBS), or looking for some info about it, it may help to know what types of business you might want to open. We took a survey of our current ROBS clients to find out what businesses they have started. In the following, we’ll briefly describe the […]
Business Acquisition Solution – Our Services
What is Robs The Rollover as Business Startup (ROBS) Solution is an IRS and ERISA approved structure that allows investors to use their retirement funds to invest in a new or existing business/franchise. This is the only legal way to use your retirement funds to invest in a business you or another disqualified person will […]
