ROBS 401K FAQ – If my spouse invests 401k funds, does my spouse need to work in the business?
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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.