ROBS 401k Business Financing Vs. Self-Directed IRA LLC

Confusion often arises with respect to which type of retirement account may be used to finance one’s own business. This blog post will hopefully help clear this confusion which has led to some retirement account holders who mistakenly used their IRA to finance their own business instead of the ROBS 401k.

Video Slides: https://www.mysolo401k.net/wp-content/uploads/2021/08/ROBS-401k-Business-Financing-Vs-Self-Directed-IRA-LLC.pdf

About Mark Nolan

Each day I speak with energetic entrepreneurs looking to take the plunge into a new venture and small business owners eager to take control of their retirement savings. I am passionate about helping others find their financial independence. Having worked for over 20 years with some of the top retirement account custodian and insurance companies I have a deep and extensive knowledge of the complexities of self-directed 401ks and IRAs as well as retirement plan regulations. Learn more about Mark Nolan and My Solo 401k Financial >>

One Comment

  1. Posted December 2, 2021 at 7:11 am | Permalink

    Mark, if I receive royalty income from writing books, would it make sense to set up a ROBS-owned corp. to receive the royalty revenue and pass as much of the corp. profit as possible (40% max most likely, per IRS 60/40 rule) to the ROBS in the form of dividends? On a personal tax return, I can’t report the royalties on Schedule E; they have to go on Schedule C, as they are derived from my work. It seems like a ROBS would be a good idea for this; am I missing something?

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