Can I use a ROBS 401K Plan plan to invest in my friend’s business?

January 25, 2023 | By George Blower

Please check out this good question from our Daily Live Zoom call. Subscribe to our YouTube Channel to get notifications of our Daily FAQs.

ROBS 401K Plan Eligibility FAQ – Can I use a ROBS 401K Plan plan to invest in my friend’s business?

RESPONSE:

No – ROBS 401k Business Financing is not for investing but must be used to fund a business that you will own & operate.

To learn more about using your retirement funds for business financing, please click HERE.

Tags: invest in a business, ROBS, robs 401k, robs 401k program, robs program, rollover as business startup, use 401k to buy a business, use ira to buy a business

About George Blower

I have the privilege of educating our clients about our products and services so that they can make informed and confident decisions about their financial future. Prior to joining My Solo 401k Financial, I served as the general counsel for a subsidiary of a Fortune 500 financial services company. Learn more about George Blower and My Solo 401k Financial >>

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