Start your business with your 401k Tax Free!

Do you know there’s a vehicle to use your 401k to start a business? It’s called a Rollover as Business Start-up, usually referred to as a ROBS account.

I have one entity set up in this structure.

Quick points:

1) Makes sense to have $50,000+ because attorney fees will be about $5-7k

2) must me a C-Corp

3) can’t buy real estate that you or family live in.

4) when you exit/sell, your money “goes back” into the 401k

5) can’t be a RothIRA

6) can’t be with the company that the 401k is with or over a certain age

https://www.irs.gov/retirement-plans/rollovers-as-business-start-ups-compliance-project

Have you heard of this investment vehicle?👇🏼👇🏼👇🏼

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