Advertiser & Editorial Disclosure

401k Rollover for Business Startups (ROBS) by Guidant Financial

401k Rollover for Business Startups (ROBS) by Guidant Financial

ROBS is a tried-and-true structure with a fast, legal funding option that’s been in use since the Employee Retirement Income Security Act became a law in 1974.

Nav's Verdict

Cost
2% Complete
LowHigh
Effort to Apply
3% Complete
EasyDifficult
Funding Speed
4% Complete
MonthsMinutes
Repayment Terms
9% Complete
MonthsYears

7/10

Bottom Line

Allows you to borrow against your rollable retirement account. If you have at least $50,000 in a rollable retirement account, this could cost significantly less than other lending options.

Pros

Allows you to borrow against your own rollable retirement account. With no interest, you can pay yourself back when you want.

Cons

Must have a C-Corp and at least $50,000 in pre-tax funds in your 401k, 403b, Keogh, TSP, SEP, or Traditional IRA. Funds in Roth IRAs don’t qualify. Comes with a $4,995 service fee.

Qualification requirements

Rollable Retirement Account

Must have at least $50,000 in a rollable retirement account.

Qualified Account Types

Rollable, pre-tax funds in your 401k, 403h, Keogh, TSP, SEP, or Traditional IRA retirement accounts. Cannot fund from a Roth IRA.

C-Corp Requirement

Guidant’s ROBS structure exclusively utilizes a C Corporation (C Corp.) business structure to meet the compliance requirements of ERISA and Internal Revenue code.

Cost
$4,995 Service Fee
Repayment Duration
N/A
Funding Amount
$50,000 minimum, up to 100% of Rollable Account Balance
Funding Speed
3 Weeks
Application
All digital

Reviews

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