Has anyone ever turned their traditional ira account into a ROBS roll over business start up to invest into a business account. How it works is you need to put your business into a c corporation then you use your ira money to buy stock that can be used to invest in a business. The moeny you use is not penalized by early with or taxed.
My old job, i had 2 retirement accounts and I'm going to use one to invest in updating the business that I inherited from my dad. The business rebuilds old pallets and builds new pallets for customers, it has great potential now but needs investment money to increase future cash flow. With a worker shortage, the only option is to invest in machines that can increase pallets that can be made, there are other things like air compressor and lighting that needs to be updated as well. I feel that using this money should be a great investment opportunity for an established business that has the clientele to keep future revenue coming in.
My old job, i had 2 retirement accounts and I'm going to use one to invest in updating the business that I inherited from my dad. The business rebuilds old pallets and builds new pallets for customers, it has great potential now but needs investment money to increase future cash flow. With a worker shortage, the only option is to invest in machines that can increase pallets that can be made, there are other things like air compressor and lighting that needs to be updated as well. I feel that using this money should be a great investment opportunity for an established business that has the clientele to keep future revenue coming in.
