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I am considering accessing the ROBS (roll over for business startups) program to roll my 401k into a 401k plan under my start-up without deduction or penalty where the funds are exchanged for common stock held by the 401k. Those funds can then be used to finance operating expenses for my company...
*Disclaimer: I am not in any way shape or form a license tax professional. I am in no way advocating dodging tax laws – this serves as an informatory post and use of the information should be consulted between you and your own tax professional*
Traditionally, 401k’s have been a slowlaner’s way...
At the moment I work at a company full time and 10% of my salary goes into a 401k. My plan is to start my own company soon but in the meantime, should I stop my 401k?
I am a little bit confused!
Thanks so much!