16d • Ask the Expert
ROBS Retirement Account Question
I have a friend who's trying to look paper poor. He's runs multiple businesses that do well, builds new construction and is going into larger ventures. I was curious to see what was excluded from calculating his net worth and one of the items was retirement accounts. I immediately thought of ROBS. Would it be possible to stacks of cash into his retirement account and then go the ROBS method or are there contribution limits? If this path was possible for him, would the move be to fund the ROBS, start the business and then pay himself a salary? Are there any other ways to get paid for today money outside of a salary or is everything else funneled back into the retirement account?
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ROBS Retirement Account Question
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