Invest funds from your 401a, 403b, 457 or other government retirement plan in your own business startup

QUESTION: My fund is a 401A plan because I worked for a political subdivision.  Is there anything different in the process of moving the funds tax and penalty free into my c corp?  These funds would be for a new company startup.

ANWER: Yes a 401A, a type of governmental plan offered to employees of the USA or governmental agency, or state government or political subdivision, may be transferred to a ROBS 401k.

What’s more, other types of government plans such as 403(b) and 457 may be transferred to a ROBS 401k.

About Mark Nolan

Each day I speak with energetic entrepreneurs looking to take the plunge into a new venture and small business owners eager to take control of their retirement savings. I am passionate about helping others find their financial independence. Having worked for over 18 years with some of the top retirement account custodian and insurance companies I have a deep and extensive knowledge of the complexities of self-directed 401ks and IRAs as well as retirement plan regulations. Learn more about Mark Nolan and My Solo 401k Financial >>

  • 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.
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