ROBS Rollovers Demystified: The Insider's Guide

On this episode of the Investor Financing Podcast, Beau interviews Diane Rosenkrantz from Tenet Financial Group, as they talked about ROBS plan, 401K plan, and as they dive deep into the mechanics, advantages and disadvantages of ROBS rollover.

Timestamps
[00:54] Beau introduces Diane Rosenkrantz on the show and talks about his credentials
[01:30] What is ROBS?
[02:59] A person cannot move a Roth IRA into a regular IRA
[03:21] The mechanics of a ROBS plan
[04:10] Setting up a brand new 401K plan for your business
[04:57] How can a penalty-free and without taking a taxable distribution to be done?
[05:48] Taking retirement funds that may not be performing into picking the right business
[07:02] The movement of funds enables the 401K to own shares of stock of the corporation
[07:55] The 401K plan can own up to 95% of the shares of stock of the corporation
[08:24] You have more control over what and where the money goes for
[08:55] Rollover as a Business Startup – a self-directed 401K
[09:37] Ways to grow your pre-tax retirement dollars
[10:23] The new members and new figures for 2023 who are 50 and above can defer $30K from their paycheck
[10:45] You could put $73K a year into your pre-tax account starting on January 2023
[12:35] Even if the person wants to defer just one percent of income into 401K plans, do not have to match or do profit sharing
[13:34] What if you do not have much capital?
[14:08] The rollover enables the person to get complete liquidity
[15:03] What does ROBS rollover offers?
[17:24] The disadvantages of ROBS rollover
[21:12] The two partners of ROBS plan/rollover
[22:05] The custodian for a 401K plan
[24:00] There is no cost to set up the account at Charles Schwab
[25:05] How much is the monthly administration fee for this full-fledged retirement account?
[26:35] Biggest businesses or groups that could use the ROBS plan
[27:25] You can tap into your pre-tax funds no matter what your age is
[28:31] If you use ROBS plan for a business acquisition or a franchise, you do not have a big loan to pay back
[28:58] “You are not borrowing the money; you are using your own funds.”
[29:42] Each client would need to have their own accountant
[30:11] Where to go to find out more about Diane

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#ROBS #robsrollover #401Kplan #401K

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.

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