The $40,000 Tax Strategy you’ve probably never heard of!
If you are starting, buying, or refinancing a business using retirement funds, you need to know that there is a way to do it and save your self a lot of money.
EXAMPLE TAX STRATEGY: ROBS Plan
Rollovers as Business Start-Ups (ROBS) are arrangements in which current or prospective business owners use their 401(k), IRA or other retirement funds to pay for new business start-up costs, for business acquisition costs or to refinance an existing business.
It allows you to use these proceeds to start a business without paying tax or penalties. For one of my clients it was more than $40,000 on a $400k investment!
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