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: I previously used a ROBS 401k Business Financing plan to buy a FedEx route. Can I invest the funds in my ROBS 401k in real estate or other alternative investments?
Response:
Investing your ROBS 401K funds in alternative investments incurs certain compliance issues and costs (e.g. you would likely need to obtain a fidelity bond equal to 100% of the value of the alternative investment) such that most ROBS 401K clients who wish to invest in alternative investments will first transfer funds to a self-directed IRA (e.g. our IRA LLC) in order to invest in the particular investment.
To learn more about how to fund your business tax and penalty-free via our ROBS 401K Business Financing plan, click here: https://www.mysolo401k.net/401k-business-financing/
