Starting your own business can be a dream come true — provided you have the financing to make it happen. While traditional business loan options work for some, they don’t for others. Many opt to fund their businesses cash-rich and debt-free using 401(k) business financing, also known as Rollovers for Business Startups (ROBS). With ROBS, individuals can seamlessly transfer funds from their retirement accounts into their businesses without incurring early withdrawal penalties or taxes. This increasingly popular method allows entrepreneurs to access capital to start or grow their businesses without taking on debt or seeking external investors. By leveraging your retirement savings, you can maintain full control over your business from the outset with ROBS. But how do you know if you qualify for ROBS? If you’re considering utilizing ROBS to fund your business, you’ll want to answer these five questions first. Click here to learn more:
