BUY a NEW BUSINESS WITH a 401k
Did you know it’s possible to finance the purchase of new a business with your retirement account? The process is called a “rollover business startup” (ROBS) and your 401k literally owns the new business.
Three Easy Steps:
- IRA Advantage creates your new company and its 401k plan.
- Your current Retirement Account is rolled into the new 401k
- Your plan invests in the new C-Corporation. Funding the business.
You are now ready to run your new business!
Mixed Ownership
If the business costs more than you have available in your retirement account it is possible to invest personal funds along with your retirement account. Yes, it is possible to jointly own the business though timing is critical. Any joint ownership between disqualified parties must be made simultaneously.
Get Ready Today
As the old saying goes; be prepared. When negotiating the purchase of a new business for a retirement account all negotiation should be done in the account’s name or if the 401k’s C-Corporation has been completed in the C- Corporation’s name.
Although buying a business with your retirement account is not a difficult process, planning and preparation are essential. The Retirement account must be able to make the acquisition and cover any costs the investment may require. The process to establish a Rollover Business Startup typically takes two to four weeks.
IRA Advantage
IRA Advantage was created to make the purchase of Real Estate and other non-traditional investments as simple as writing a check. Call IRA Advantage today to unlock your retirement’s potential and begin building for the future.
HAPPENING NOW
The IRA Advantage YouTube Channel
Can’t make our monthly Equity Advantage and IRA Advantage Continuing Education Seminars? Now catch some of the highlights available online from the comfort of your cell phone or computer!
Head to our channels and watch as owner of Equity Advantage and IRA Advantage, David Moore speaks on the basics of 1031 Exchanges and Self-Directed IRA’s in today’s market, including What Is An Exchange, What Can Be Exchanged, How Are Self-Directed IRA’s created, and more!
Subscribe to our channel for more videos!
Coming Up…
March IRA Oregon Continuing Education Course
Basic IRA Class
(2 Credits)
Flipping Property With Your Retirement Account
Learn the basics of Real Estate Investment with an IRA or 401k Plan:
- What Can the Investor Do?
- How To Make the Investment
- Tax Consequences
- How About Creating a real Estate Investment Company?
This class will provide answers to questions you did not know to ask.
Using retirement funds to make Real Estate investments can open up many opportunities, this class will teach you how to do it right!
Course #0318
Wednesday March 21st, 2018
9:30 — 11:30am
Location:
Lincoln Tower 2
Second Floor Conference Room
10220 SW Greenburg Rd
Portland, OR 07223
rsvp: cmoore@iraadvantage.net
IRA News of the Week
What is Involved In a Real Estate IRA? | IRA Advantage
Can You Get Tax-Free Funds From Your IRA And 401K? | Forbes
Here’s an IRA you can open even if you’re not working | CNBC
IRA Questions: What Are Some IRA Retirement Solutions? | IRA Advantage
The Guys With All The Answers…
David and Thomas Moore, the co-founders of Equity Advantage & IRA Advantage
Whether working through a 1031 Exchange with Equity Advantage, acquiring real estate with an IRA through IRA Advantage or listing investment property through our Post 1031 property listing site we are here to help Investors get where they want to be. About Us…
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