401k Business Financing

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

ROBS 401K – Deep Dive Re Form 5500 Filing/Recordkeeping/Annual Compliance (IRS/DOL)

Please check out our webinar reviewing the annual Form 5500 requirement for ROBS 401k plans. VIDEO SLIDES: ROBS 401K Webinar – A to Z Guide Form 5500 ROBS 401K – What is Form 5500? “Informational” tax return Provides information about the 401k plan Filing the Form 5500 is consistently recognized by the Internal Revenue Service […]

Can’t Use Non-Spouse Inherited IRA or 401k Funds to Finance a ROBS 401k

QUESTION:  I have an IRA account with Fidelity that I inherited from my mother? That only has $29,000 and it and I would like to use it to start an online video editing business with. I would like to use this money in the IRA to help me get started. ANSWER: Good question. Unfortunately, the […]

SBA Loan Down Payment: How to Use 401k/IRA Tax & Penalty-Free

Please check out today’s webinar regarding using your 401k/IRA funds as tax & penalty-free down payment for an SBA Loan. Click HERE to Pre-Qualify for an SBA Small Business Loan SBA Loan FAQs: CLICK HERE How to Use Your 401k/IRA as an SBA Loan Down Payment: Tax-Penalty Free A rollover as business startup (ROBS) transaction […]

Taking /Processing a Participant Loan from Your ROBS 401k Business Financing Plan

While one of the main uses of the business financing 401k plan (also known as a ROBS 401k Plan) is to fund your own business that offers goods or services, the 401k participant can also borrow from his or her  ROBS 401k through a participant loan, which can be useful if the entrepreneur needs additional […]