401k Business Financing

Can my ROBS 401k shares be issued to my spouse?

November 1, 2022 | By George Blower

Rollover as Business Startup FAQ – Can my ROBS 401k shares be issued to my spouse?

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 FAQ:  Can I have some of the 401k shares issued to my spouse?

My spouse and I are using a ROBS 401K business financing plan to start a realtor business.  While we will both invest funds, all of the retirement funds will be from my former employer 401k.  Can the shares issued on account of the retirement funds be issued evenly to my spouse and me?

RESPONSE:

No – all of the shares issued on account of the retirement funds that you invest must be issued to the 401k for your benefit.

Tags: , , , , , ,

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 >>

  • Open an account

  •  

  • Popular Video

  • ROBS 401k Funding Process

  • Solo 401k Contributions Including Mega

  • Checkbook IRA LLC

  • About MySolo401k

    We help our clients take control of their retirement money. Our products and services provide our clients the freedom to invest their retirement savings in their own business as well as alternative investments such as real estate, private companies, promissory notes, precious metals, tax liens and equities.
    Learn more

    Connect with us

  • We’re here to help.

    Call: 800-489-7571

    Monday-Friday

    8:00 am - 4:00 pm PT

    Why us?
MENU