Thinking Like a Bank

Episode 49: How to Start a Business Using your 401k with Bernard Reisz, CPA

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Bernard Reisz, CPA , a financial pro that has seen it all and knows that you can - and must - be the director of your financial future. Bernard's goal is to EMPOWER you with unbiased info so that you can make informed decisions about all aspects of your money management - tax, legal, financial, investment, cash flow.

Bernard is the founder of ReSure Financial, delivering tax and financial tools for real estate. ReSure Financial provides services for self-directed retirement accounts, 1031 Exchange, Entities, and Investor tax & Financial Education.

Prior to founding ReSure, Bernard served as Director of CoMetrics Partners, managing an array of engagements involving financial consulting and due diligence. Bernard advised owners of closely-held middle-market companies on advanced tax mitigation strategies.

This episode talks about:

  • Examples of Alternative Investments
  • What is Rollovers for Business Startups (ROBS) 401(k)?
  • How can you use ROBS to fund your own business?
  • The steps of how ROBS 401k works
  • Examples of prohibited transactions using this strategy
  • What are ROBS requirements for a qualified employer plan?
  • The downsides of choosing ROBS for your business funding.
  • Methods of mitigating the risks of ROBS.
  • How to structure your company to avoid double taxation using ROTH 401(k) strategy?
  • The importance of working with an unbiased tax professional

    • To connect with Bernard Reisz, please visit:

    👉Company Website:➡️https://www.resurefinancial.com

    👉Linkedin ➡️ https://www.linkedin.com/in/bernard-reisz-cpa

    👉Facebook ➡️ https://www.facebook.com/BernardReiszCPA

    👉Twitter ➡️https://twitter.com/bernardreisz

    👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com

    👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins

    📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com

    🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation.

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