Jump Start Sports reposted this
Rollover Your 401(k) or Retirement to Fund Your Business Startup or Franchise – Benefit from Tax-Penalty Free 401(k) Financing via Rollovers for Business Startups.
Greg Kirwin
6d
Friends don't let friends gamble with their retirement savings.
Scott Gooding
9mo
I started GOP equipment with my 401(k) account
James Rowe
2w
I am a student of this plan and it has worked well for me!
Jon Tatro
1mo
It will be much more difficult to do so with the Harris plan to tax unrealized capital gains...
Sean Finsel
2w
I'm looking at this now to start up a new business. It almost seems too good to be true.
charles kombe
2mo
🙂
Gary Yudin
1mo
Great
Thanks for sharing!
I strive to learn, lead, and inspire.
5moI have a lot of experience with this business model - and I've seen entrepreneurs use it to buy existing companies and turn them into a 7 figure annual profit. Leveraging your retirement can be an incredible tool. But, make sure you have a good team on your side. The ROBS program requires that you take compliance and your tax planning seriously. Skipping past the pros can be costly.