401k Rollover As Business Startup ROBS May Not Be A Good Idea
Wed ,03/02/2010
Nabers Group www.Nabers.com Looking to fund a new franchise or personal business venture with your retirement funds? 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 investment structure known as Rollovers As Business Startups (ROBS) to fund a business startup or franchise is a prohibited transaction. Jeff Nabers is CEO of Nabers Group, an unconventional planning company in Denver, Colorado. His research and personal dealings with the Department of Labor compel him to recommend against the ROBS strategy. Nabers Group can be reached at (877) 903-2220.
