PODCAST EPISODE 308 – Starting a Business with your 401k

ByPaul Adams

In episode 308 of the More Than Commas, Host Paul Adams is joined by Jeremy Ames to explore the Rollovers for Business Start-ups (ROBS) strategy, a unique funding option that allows entrepreneurs to use their retirement savings to launch or acquire a business without incurring penalties. Jeremy outlines the ROBS process, emphasizing the importance of forming a C-corporation and setting up a new 401(k) plan. He discusses compliance requirements and the roles of key parties involved, including Guidant Financials’ support in navigating regulations.

—

This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial LLC dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial LLC dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions. This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial LLC dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.

Avatar photo
Paul Adams

Author

Paul Adams

CEO & Founder

As CEO and founder of Sound Financial Group Paul leads a team of financial professionals dedicated to helping clients define their financial goals then developing unique, tailored strategies to reach them. Paul tells his clients often that they should always make their financial decisions based upon indisputable math and independent scholarship, not based on media hype, hearsay, or trend.

Financial Advisor
Disclosure

Related Posts

  • PODCAST EPISODE 285 – Does Your Bank Offer a Wealth Coordination Account?

    WHAT WAS COVERED 0:12 – The episode starts2:59 – The biggest quandary of the credit union.5:37 – Taking pictures of bank signs.8:08 – The problem with budgeting and saving.12:46 – The residue model vs. the catalytic model.14:25 – The importance of having a wealth coordination account.17:05 – Taking back the use of financial products.22:10 – What does it mean to…

  • PODCAST EPISODE 290 – How much do you need to retire?

    WHAT WAS COVERED 0:11 – Podcast begins. 0:20 – Financial independence and work-optional lifestyle. 1:41 – Assets, capital at work, and financial independence. (1:41) 5:40 – Retirement distribution strategies. (5:40) 9:35 – Retirement income calculation. (9:35) 13:11 – Retirement planning for high-income earners. (13:11)[Tweet “The word retirement wasn’t really used to apply to people in the United States, until the…

  • Podcast Episode 54: Speaking Bankanese with Al Davis & Bill Lawrence

    EPISODE SUMMARY Why do you need to understand the way banks speak? When it comes to your money, it’s important to be able to translate what banks are saying to you into English, and avoid being the prey in a predator system. Today, Paul invites Al Davis and Bill Lawrence to help us decode this ‘Bankanese’ language, and make sense…

  • PODCAST EPISODE 342 – Dave Ramsey vs Real Financial Advice

    In this episode, Paul is joined by SFG’s new advisor Lance Chisum for a candid review of a Dave Ramsey video on housing and post-divorce financial decisions. Together, they unpack the caller’s circumstances, substantial home equity, low-rate mortgage, and the possibility of a HELOC, while questioning whether Ramsey’s quick advice fully addresses the bigger financial picture. Paul and Lance highlight…

  • PODCAST EPISODE 197 – Grandpa Said Invest In Gold

    EPISODE SUMMARY Grandpa always said, “gold is the best place to put your money”. However, if you have invested in gold, did you know what it would cost you to sell it when you purchased it? Over time, has gold truly out beat inflation? Is crypto-currency the new gold of the 40’s? as the price of gold escalates, Paul and…

  • Why Entrepreneurs Fail at Finance: Building a Castle Before a Moat

    Now that you know what kind of lifestyle you seek and what it takes to get there, it’s time to figure out a protection plan. This is something you won’t hear in a TED Talk or by any get-rich-quick schemers. Protection of your assets is every bit as important as acquisition. When you build that surplus or superfluent lifestyle, but…