If my spouse invests 401k funds, does my spouse need to work in the ROBS 401K-funded business?

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

QUESTION:

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?

RESPONSE:

If both of you will invest your retirement funds, both of you need to work as bona fide employees of the business.

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 >>

  •  

  • 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