Understanding ROBS (Rollover For Business Startup)

In 1974 Congress passed the Employee Retirement Income Security Act, giving you (the employee) the right to invest your retirement savings as you see fit. ROBS (Rollover For Business Startup) continues to gain popularity, but many stock brokers and financial advisors don’t educate their clients about on its benefits because it doesn’t provide sufficient profit for their institutions.

ROBs offers a tax-free, penalty free, way to access your retirement funds without borrowing money. Launching your business debt-free is a tremendous advantage to a new franchisee; by lowering overhead and eliminating monthly payments to a lender, your path to profitability is a lot less scary.

For more information on ROBs, check out this video from our partners at Guidant Financial: