What are the benefits of using funds in your 401k, IRA or other retirement account to finance your business or franchise?
My Solo 401k Financial is a leading facilitator of 401k small business financing. Our 401k SelfStarter Plan, also known as a rollover as business startup (ROBS), allows you to fund a business with your retirement funds without taking a taxable distribution or loan. By minimizing debt, your business will increase its chance to succeed.
Ultimately, we empower individuals to turn their idea or concept…from a dream… into a reality.
Of course, we know the benefits of funding your business with your 401k, IRA or other retirement funds, but we want to hear it from your perspective: What are the benefits of using retirement funds to purchase or fund an existing business or franchise? Why should an individual use retirement funds over traditional forms of small business financing (equity and debt financing)? What is the long term value of the ROBS transaction to a business owner?
Any student enrolled in an undergraduate or graduate degree program at any accredited United States university, college or trade school.
A $1,000 scholarship will be awarded; this money can be used toward tuition or books.
Submission deadline is December 15, 2014
Applicants must submit an essay of 1,000 words minimum on the topic” What are the benefits of using funds in your 401k, IRA or other retirement account to finance your business or franchise”.
Please email your essay to: email@example.com
December 15, 2014
January 15, 2015
Scholarship Terms and Conditions