Did you know that you can use your retirement funds to buy a business? Jeremy Ames, co-founder and CEO of Guidant Financial, explains how individuals can invest in a business using a 401(k) rollover. This episode of M&A Talk covers the basics of a 401(k) rollover, including the requirements, the risks, and how to replenish your 401(k) after the sale is done.
If I were to go out on the street and interview 100 people, I’m guessing 99 of them would not know that you can use retirement funds to buy a business.
Jeremy Ames
What You’ll Learn
401(k) Rollovers: How to use your retirement funds to buy a business.
Learn the Requirements: A 401(k) rollover requires a specific business structure and active participation at the time of setup and as well as annual requirements.
How to Combine Financing Sources: Combining rollover funds with other financing methods, like SBA loans, can provide a more comprehensive approach to business acquisition, especially for high-performing executives who want to become business owners.
How to Work with the Right People: When using complex financial strategies like 401(k) rollovers, it’s crucial to work with knowledgeable advisors who can navigate regulatory requirements and help you make informed decisions.
Topics Covered
401(k) Rollover Basics [2:23]
Fees, Administrative Requirements, and Annual Requirements[7:43]
How to replenish your 401(k) after buying a business. [18:49]
Jeremy Ames is a serial entrepreneur and the Co-Founder & CEO of Guidant Financial, a leader in innovative business funding solutions. With over 20 years of experience, Jeremy has helped 30,000+ individuals leverage their retirement funds to start and grow businesses through programs like 401k Business Financing (ROBS). A firm believer in the power of entrepreneurship to create wealth and freedom, Jeremy’s career spans successes, failures, and invaluable lessons, including being recognized as the SBA’s Young Entrepreneur of the Year.
You’ve invested your blood, sweat, and tears into an enterprise that has provided for you, your family and your employees. The moment has finally come for you to start a new chapter in your life. Explore your options now.
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