If statistics are correct, 77 million baby boomers will be retiring over the next 15 years. Never before in U.S. history has such a large generation transitioned to retirement with so many years to live still ahead of them.
Are they ready? Can they afford it?
Many of us need to begin the process of careful planning through these critical accumulation years.
Take control of your retirement savings by getting detailed about your finances. Understand how to keep your savings on track and determine if you could benefit from some guidance from a financial professional.
If you need additional capital, companies such as Biz2Credit can help arrange fast and affordable loans. A Biz2Credit loan specialist will be able to assist you in advising how to obtain needed capital while using your 401(k) accounts to blossom!
ROBS: People take their 401(k) account (or other qualified retirement plan) and roll it over into a new plan that buys shares in an operating company that will own their business. Unlike most small businesses, which are set up as limited liability corporations or S-corporations, a business financed through ROBS has to be a C-corporation, which can issue shares and does not prohibit ownership by trusts.
Many new start-up businesses are taking advantage of using retirement savings as a means of capital. Converting traditional 401(k) accounts into new retirement plans — known as “rollovers as business start-ups,” or ROBS — that they could invest in their companies.