Scholarship Essay Contest – Use Your 401k to Start a Business

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?

Who:

Any student enrolled in an undergraduate or graduate degree program at any accredited United States university, college or trade school.

What:

A $1,000 scholarship will be awarded; this money can be used toward tuition or books.

When:

Submission deadline is December 15, 2014

How:

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”.

Reply:

Please email your essay to: scholarship@mysolo401k.net

Submission Deadline:

December 15, 2014

Award Date:

January 15, 2015

Scholarship Terms and Conditions

My Solo 401k Financial respects your desire for privacy and is committed to maintaining the confidentiality of your personal information. By using this website, you consent to the collection, storage, use and disclosure of your personal information as described in the My Solo 401k Financial Privacy Policy. If you do not agree to these terms and conditions, please do not use this website. By submitting a scholarship entry, you transfer to MySolo401k.net all rights and ownership of submitted content, regardless of whether your entry is selected as a winner. MySolo401k.net reserves the right to publish submitted work at the conclusion of the entry period in any manner My Solo 401k Financial sees fit. Selection of winning submissions is entirely at the discretion of My Solo 401k Financial . The winner will be contacted by My Solo 401k Financial via the email address used for submission. The winner will be confirmed ONLY after providing proof of enrollment in the form of a copy of a tuition bill OR letter of proof from the accredited United States university, college or trade school at which the winner is enrolled. Upon confirmation of enrollment, the winner will be publicly announced on MySolo401k.net, and My Solo 401k Financial will mail check to the winner.

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