Business - News

Sunday, June 4, 2017

ROBS Programs

Everyone knows a 401(k) is untouchable until retirement, right? Actually, through a Rollover as Business Start-ups (ROBS) program, you can take money from your retirement fund to fulfil your entrepreneurial dreams. The program is perfectly legal and does not incur penalties like other early withdrawals would. The only downside is the complex set of rules that usually accompany these programs. If you forget even one stipulation, you could owe the IRS a fortune in back taxes and fees, which endanger both your business and your retirement.

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