Timothy Sumer

Rollover as Business Startup (ROBS 401k) FAQ - What is a reasonable salary for my ROBS Business? Please book a call: Please join My Community to ask questions: Free to Join! All are Welcome! Learn More: The 401k business financing plan (ROBS 401k) is perfect for entrepreneurs seeking readily available funding capital, especially those looking for interest-free or no-hassle business funding sources. -Fund your business start-up with retirement funds: Also known as ROBS 401k, the small business financing 401k plan allows you to fund a business with your retirement funds without taking a taxable distribution. -Not a taxable distribution: Because you directly rollover your IRA or former employer 401k, 403b, Keogh, SEP, SIMPLE, or other eligible account, to your new ROBS 401k plan, which then funds your business, you incur no taxes or early distribution penalties. -Not a loan: Unlike traditional 401k plans that allow for a 401k participant loan, that is, borr...

In this video I'm doing a walk through on an S-Corp to lower federal income taxes, increase QBI deduction and maximize your retirement savings. The split between your w-2 wages and distributions going beyond just payroll taxes and reducing your contributions to social security. The breakdown of your income also can affect your section 199A deduction and the amount you can contribute to your retirement plan. ----------------------------------------------------- Join this channel to get access to perks: ----------------------------------------------------- ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because a...