As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, Section 2202 allowed the option for special distributions to be made to those personally impacted by COVID-19. Although according to retirement plan providers such as Fidelity and Vanguard most people did not...

An SBA-guaranteed loan has many benefits over a traditional loan if you’re looking to start or buy a business, including lower down payment requirements than conventional bank loans. However, it can still be a challenge for many small businesses to gather the money for an equity contribution. I’ve broken down...

Every brilliant business idea needs fuel, yet so many entrepreneurs struggle to find the capital needed to fund their business.  A lesser-known funding strategy, a Rollover for Business Startup (ROBS), enables small business owners to invest retirement savings in their business—without paying taxes or early withdrawal penalties. What is ROBS?...

Drawing from years of advisor experience and the personal purchase of my own company, I break down the 4 essential factors for a successful ROBS strategy—from business plan discipline to preserving financial flexibility and ensuring long-term compliance...

Using pre-tax qualified retirement funds to start or buy a business is starting to gain some attention.  Check out our feature in this Sophisticated Investor article titled “Things You Can Do With An Old 401k”.  “One of the least known options for using a 401(k) is to use it as...

Lenexa, KS --  Mickey Parker, COO and co-owner of Accelefund, was a featured guest on a recent episode of the entrepreneurial podcast, Startup Hustle.  Mickey discussed how aspiring entrepreneurs can use their own retirement funds as startup funds to buy or start a business, without paying taxes and penalties on...