ROBS 401K FAQ – If my spouse invests 401k funds, does my spouse need to work in the business?
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: Spouse must work if will invest retirement funds
I am using the ROBS 401k plan to fund a commercial cleaning franchise. We will both invest our retirement funds. Does my spouse need to work in the business?
If both of you will invest your retirement funds, both of you need to work as bona fide employees of the business.