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ROBS: Rollovers as Business Startup


Nabers Group http://www.Nabers.com

Looking to fund a new franchise or personal business venture with your retirement funds?

Authors Jeff Nabers and Phoebe Chongchua (Five Steps to Freedom: How to Cut Your Dependence on Institutions and Escape Financial Slavery) suggest that using an investment structure known as Rollovers As Business Startups (ROBS) to fund a business startup or franchise is a prohibited transaction.

Jeff Nabers is CEO of Nabers Group, an unconventional planning company in Denver, Colorado. His research and personal dealings with the Department of Labor compel him to recommend against the ROBS strategy.

Nabers Group can be reached at (877) 903-2220.

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  • Shibbydougy#

    Shibbydougy January 5, 2010 2:13:51 PM CET

    Whilst on the subject of financial advice, I would like a moment to give you all a little of my own:It is highly advised not to spend all your Xmas money on chocolates and sweets. Such a large investment of capitol in short term assets would eventually lead to a weakening of one's health, and tempt others in your environment to demand of you some degree of involvement in your newly purchased assets. Therego, not a viable investment in the very least!On a serious note though, the best thing you can do is stop splashing cash on needless objects and luxuries, and instead place that money into a savings account. If you started at around 25yrs old and put no more than a $50-$100 a month, you could potentially have over $1,000,000 by retirement with because of the compound interest. Now that's financial advice!

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