Boy do I get a lot of blowback every time I share my findings about why the government has declared ROBS illegal! Why is there not a specific government ruling on ROBS? Great question! It's because once an issue has been ruled on, they don't repeatedly consider it. "They" are the Department … [Read more...] about The “Jury” Decides on ROBS – Can you legally fund a business purchase or startup with a Self-Directed 401k?
Why should you use my company to setup a Self-Directed IRA, IRA LLC, or Solo 401(k) instead of those others? It's quite simple really... Those other companies all promote an illegal scheme called ROBS, and if you are a client of a company promoting an illegal scheme, you are a target for nasty IRS … [Read more...] about Nabers Group vs. the Other Guys
Buying A Business Or Franchise With A Rollovers As Business Startups Is A Big No-No According To Nabers
Thinking about rolling over your 401k to purchase a new franchise or a personal business venture, then you might want to think again? Authors Jeff Nabers and Phoebe Chongchua (Five Steps to Freedom: How to Cut Your Dependence on Institutions and Escape Financial Slavery) suggest that using an … [Read more...] about Buying A Business Or Franchise With A Rollovers As Business Startups Is A Big No-No According To Nabers
[This is a continuation of a previous post. You should read that one first so this makes sense.] The IRS Responds For the first time ever, the IRS actually addressed the "financing a small business with an IRA or 401(k)" strategy. They called it "ROBS" for "roll over business startup," and issued … [Read more...] about The End of Small Business Financing with IRA and 401k Funds? (Part 2)
Guidant calls it Audeo. Benetrends calls it Rainmaker. SDCooper calls it ERSOP. It goes by many names and it's gotten a lot of attention from the franchise industry and, as of about a year ago, the IRS. The IRS calls it "ROBS" for Roll-Over Business Startup. What is it? It's a strategy where a … [Read more...] about The End of Small Business Financing with IRA and 401k Funds? (Part 1)