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Strong Demand for ROBS Structure due to Increase Confidence in U.S. Economy in 2014

IRA Financial Group survey shows optimism from entrepreneurs about business opportunities surged in 2014 creating interest in using retirement funds to buy a business

IRA Financial Group, the leading provider of Business Acquisition “ROBS” solutions, has seen a surge in interest among entrepreneurs looking to use their retirement funds to start a business or franchise. “We have seen a surge in confidence amongst entrepreneurs for starting a business in 2014,” stated Adam Bergman, a tax partner with the IRA Financial Group. “We have seen an increase in demand from entrepreneurs seeking to invest IRA and 401(k) funds in a business in light of a rebounding economy,” stated Mr. Bergman.

The rollover as business start-up (“ROBS”) arrangements typically involves rolling over a prior IRA or 401(k) plan account into a newly established 401(k) plan, which a start-up C Corporation business sponsored, and then investing the rollover 401(k) Plan funds in the stock of the new C Corporation. The funds are then deposited in the C Corporation bank account and are available for use for business purposes. “The ROBS strategy has allowed many individuals the ability to use their retirement funds to start a business without incurring tax or penalty on the rollover,” stated Mr. Bergman. The ROBS solution is perfect for any entrepreneur looking to use IRA fund to buy a business or franchise without incurring any tax or penalty from a IRA distribution.

Unlike with a self-directed IRA which prohibits an individual to use retirement funds to buy a business they will personally involved in, with IRA Financial Group’s ROBS structure, the individual will be able to rollover IRA or 401(k) funds into the structure and use the funds to buy a business or franchise without tax or penalty, as well as earn a salary from the business.

The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.

IRA Financial Group is the market’s leading provider of self-directed IRA LLC “checkbook control” solutions. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.

To learn more about the IRA Financial Group please contact one of our retirement specialists @ 800-472-0646.

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Posted in 401(k), Business Acquisition Solution, IRA Category