ROBS can be with an Traditional IRA?
I was reading an articlce and it stated: You’ll need to have an existing, qualifying retirement account, such as a 401(k), 403(b), SEP, TSP, Keogh, or a Traditional IRA.
I thought you could only do a ROBS with rolling over your 401k to the C corp?
If a client has a 401k and transfer/rollover to an IRA now, can he then do a ROBS later from this IRA?
or…
Does it have to be transferred/rollover to the ROBS directly from the 401k?
Thank you.
Douglas
Merry Christmas and have a healthy and fulfilling New Year.
Submitted by Douglas Bauerband on Mon, 2019-12-30 16:42