What The Heck Is ROBS?

Why Use Rollover As Business Startups?

Dreaming of becoming a business owner but feel you don’t have enough money? If so, there is a surprising solution that could solve your problem – using some of your retirement funds – better known as 401(k) business financing or Rollover for Business Startups (ROBS). Just like business ownership itself, this isn't for everyone.

Before you get nervous about depleting your retirement fund, read on.

ROBS can allow you to use your retirement money to fund your company without early withdrawal fees and tax penalties. And, as your company performs well, your profits can go back into the account to provide retirement funds for both you and your employees.?Here are a?few more?reasons why ROBS may be a smart choice for you.

1. ROBS allows you to have control over how funds would perform.?You can avoid having all of your retirement funds in the volatile market.

2. You are offered the opportunity to get into business without going into debt.

3. ROBS can be completed in about three weeks.?This is?a significant benefit to someone buying a business in a competitive environment.

4. ROBS is also much easier to get because it’s using your own money.?Unlike other types of funding methods, your credit score, past experience, or on-hand collateral won’t impact your ability to get the funds.

While ROBS may seem too good to be true, there is a caveat. As with any investment, there is some risk of losing the funds if your business doesn’t do well. Every investment and every decision involve risk. You can mitigate risk with a thorough research process before making an investment in franchise business ownership. Focusing your search on a franchise brand with a substantial track record of success helps manage your risk.

Find Out If ROBS Is Right for You

If this approach resonates with you and ROBS seems like a possible option, let’s schedule a call and I’ll try to answer your questions: Schedule a call:?My Calendar.