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IRA to fund business?
I spoke to Guidant yesterday. The rep was very knowledgeable and a good salesman. He alleviated many of my concerns, but now I have some new ones. The company stopped providing these types of services in February of 2009 due IRS concerns over the terminology of ROBS (Rollovers as Business as...- DCM
- Post #4
- Forum: General Business Discussion
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IRA to fund business?
GlobalWealth, Thank you for the recommendation. I did some research on Steve Sheppherd's IRA Checkbook. It looks like a good program and people had good things to say about him, but I don't think this format will work for me. It is designed to invest in real estate and businesses that are owned...- DCM
- Post #3
- Forum: General Business Discussion
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Hello from Texas
I'm actually working on two businesses. I'm not comfortable sharing all of the details, but here's an overview. The first business will be built with the intention of selling it in 5 - 10 years. It will be a service based business with a twist. I plan to buy some existing accounts in the...- DCM
- Post #4
- Forum: Introductions
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IRA to fund business?
I have partial funding for my new business, but I need to secure some more funding before I pull the trigger. Until recently I have always considered the money in my traditional IRA accounts to be off limits. I knew that there were ways to use them, but I wanted to leave these alone in case I...- DCM
- Thread
- Replies: 4
- Forum: General Business Discussion
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Hello from Texas
I'm glad that I found this forum. It looks to be well designed and managed. I have been toying with the idea of starting my own business for the past several years and am finally in the process of taking the plunge. I spent seven years in Colorado running the state for a public company. For...- DCM
- Thread
- Replies: 4
- Forum: Introductions
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