IRA Financial Group, a provider of Rollover Business Startup Solution
(“ROBS”) solutions, expects to see a surge in the popularity of the
ROBS solution based on Donald Trump’s Presidential Election victory. Mr.
Trump’s tax plan has called for a reduction of tax rates on
corporations.
The rollover business start-up (“ROBS”)
arrangements typically involves rolling over a prior IRA or 401(k) plan
account into a newly established 401(k) plan, which a start-up C
Corporation business sponsored, and then investing the rollover 401(k)
Plan funds in the stock of the new C Corporation. The funds are then
deposited in the C Corporation bank account and are available for use
for business purposes. The ROBS solution is a tax efficient way for any
entrepreneur looking to use IRA fund to buy a business or franchise
without incurring any tax or penalty from an IRA distribution. “With
the expectation of reduced corporate tax rates, operating a business via
a C Corporation will become more tax efficient and should increase the
popularity of the ROBS solution with entrepreneurs looking to use
retirement funds to buy a business,” stated Adam Bergman, a partner with
the IRA Financial Group.
The IRA Financial Group was founded by a group
of top law firm tax and ERISA lawyers who have worked at some of the
largest law firms in the United States, such as White & Case LLP,
Dewey & LeBoeuf LLP, and Thelen LLP.
IRA Financial Group is the market's leading
provider of self-directed IRA LLC “checkbook control” solutions. IRA
Financial Group has helped thousands of clients take back control over
their retirement funds while gaining the ability to invest in almost any
type of investment, including real estate without custodian consent.
IRA Financial Group
proudly announces the latest book titled written by tax partner Adam
Bergman, Turning Retirement Funds into Start-Up Dreams – financing and
retirement funding options for your start-up business is now available
for purchase on Amazon. . This is the third book in a four-part series
on self-directed retirement plans. The first two books: “The Checkbook
IRA” and “Going Solo” are also available on Amazon.
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