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 259 – Talking Beyond Finance

    WHAT WAS COVERED [Tweet “Money is not about money. It’s about what it does in our lives and what we can or can’t do with limited resources. So we’re talking beyond finance to get back to finance #YourBusinessYourWealth”] [Tweet “You actually want to get to the point when you have to pay taxes. #YourBusinessYourWealth”] [Tweet “Sometimes you don’t need to improve your…

  • PODCAST EPISODE 227: Could a Car Accident Cost You Everything?

    WHAT WAS COVERED [Tweet “Insurance is a moat or a wall between events and your wealth. #YourBusinessYourWealth”] [Tweet “Our main idea with insurance is grounded in protecting from catastrophic loss and also pursuing full replacement of that asset. #YourBusinessYourWealth“] [Tweet “A personal umbrella insurance policy is just an insurance policy that picks up where your car and homeowner insurances leave off. #YourBusinessYourWealth“] LINKS…

  • PODCAST EPISODE 178: The Best Performing Tech Fund You Never Knew You Owned

    EPISODE SUMMARY It’s very easy to make assumptions about the market when watching headlines; however, it isn’t always a great idea. In this episode of the Your Business Your Wealth podcast, Paul and Cory dig up some research on the S&P 500 to reveal a radical truth. Learn more about “the best performing tech fund you never knew you owned”, and discover…

  • PODCAST EPISODE 336 – Money Reveals Who You Are, So What Is Yours Saying?

    In the last installment of our d’Anconia series, Paul dives into the deeper meaning behind Francisco d’Anconia’s “money speech” and what it reveals about your financial life. This isn’t just about income, it’s about what you’re doing with it. Are you saving what you earn? Protecting it? Preparing to pass it on with wisdom? If not, you may be unintentionally…

  • PODCAST EPISODE 326 – Why Do We Make Bad Money Choices?

    Why do we keep making the same financial mistakes, even when we know better? In this episode of More Than Commas, Elijah uncovers the hidden forces driving your money decisions through the lens of behavioral finance. Learn how cognitive biases like loss aversion, anchoring, and confirmation bias sabotage even the smartest investors and discover how structured systems and a great…

  • PODCAST EPISODE 235: The Debt We Owe To Our Future Selves

    WHAT WAS COVERED [Tweet “The “rule of 25” is that you want 25 times your annual expenses all throughout your old age, so that you can sustain a 4% distribution rate so that your assets will last long enough. #YourBusinessYourWealth”] [Tweet “Retirement does not take into account that even if you’re saving the right amount right now, it might not be…