Withdrawing from Your 401(k): Should You Take a Taxable Distribution?
Before cracking into your nest egg, ask yourself the following three questions to help navigate your options and avoid unnecessary tax penalties.
The Difference Between 401(k) Loans and 401(k) Business Financing
Two of the most common ways to utilize these funds are taking a 401(k) loan or using 401(k) business financing. Though the two sound similar, they’re very different.
What kind of business can I buy with Rollovers as Business Startups?
Funding a business with 401(k) business financing is a safe, legal and tax penalty-free way to access your retirement funds and achieve your career goals.
What is a 401(k) Plan Restatement?
How does a 401(k) Plan Restatement Work? Safe Harbor 401(k) Plan Restatement What Happens if I Don’t Restate My 401(k) Plan? When Do I Need to Get My 401(k) Plan Restated? What Changes Are Part of the 2020-2022 Restatement Cycle? Every six years, the IRS requires defined contribution retirement plans (e.g., 401(k) plans) to be […]
Best Small Business Funding for Baby Boomers: ROBS
Resources abound for individuals looking to start new businesses, from multiple loans options to crowdfunding. But the Rollovers as Business Startups (ROBS) strategy, also known as 401(k) business financing, stands out as a unique opportunity for older aspiring business owners. Rollovers as Business Startups (ROBS), also known as 401(k) business financing, is a business funding […]