- Are you sitting there trying to figure out all
of those 401K early withdrawal exceptions
so you can access your hard-earned money?
Well stay tuned because I am going to show you
how you can access your 401K money
without having to worry about those exceptions
and there's no penalty and I'm not kidding.
Well, if you are ready to buck the system
so you can create multiple streams of income
so you can quit the corporate grind
and actually enjoy your life,
then subscribe to my channel.
I put up new videos every Wednesday
so make sure you hit that notification bell
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You guys, I was so excited when I learned this.
I am Heather and I am here to help you ditch corporate
and create a freedom-based business
so you can get on with it and live your life,
your dreams, your way.
And today, I am going to show you exactly how
to tap into your 401K money that you have already earned
and not have to worry about all of those exceptions.
And I know because I did it
and I even bought a boat with it
and guess what?
It is totally government-approved legit.
Like this is a seriously real thing
so I want you guys to really pay attention.
This is a game-changer.
Now there are lots of ways to access your 401K money early
but most of those involve figuring out
if you fall into one of the exceptions.
There are a number of them.
One of them is if you're a first-time home buyer,
you can get access to your 401K money
without paying that 10% penalty
plus you do have to pay income tax on that money.
So we're talking a huge amount of money
if you want access to your 401K money.
You're going to give up a lot of it
but I'm not talking about how to make sure you fit
into one of the exceptions.
Now many of you may already be aware
but there is an avenue called a self-directed IRA
and that is where you have control over your money
and you can invest it in things like real estate
or individual stocks if you choose.
And the self-directed IRA does not have a penalty associated
with it at all but I'm not even talking about that
because with a traditional self-directed IRA,
while you can start or purchase a business,
you cannot be an employee of the business
and gain an income from it.
That is what I'm talking about.
That is where you are going to actually be able
to use your 401K money to put money in your own pocket.
It is actually a sub-category of a self-directed IRA.
Now if you fit that category,
if you want to be able to access your own
hard-earned 401K money and put it to work for you
so you can actually start getting an income on it now,
then type in the comments below,
I want my money!
So there is a special category of self-directed IRA.
It is called ROBS, which is a Rollover Business Startup.
Now, here is fundamentally how it works
and this is why different
from a traditional self-directed IRA.
With a ROBS account, you can actually
become an employee of the business you purchase
or start and start paying yourself.
Now the income that you're going to pay yourself
that is generated by that business,
that income is taxable as income tax
but the 401K money that you already have
and that was sitting there,
that you rolled into this new ROBS account,
there is no penalty involved with that
and it is not taxed until you actually withdraw it,
just like a traditional IRA or 401K.
So it allows you to use and access
your own money to build your own business,
where you can be an employee and actually get an income.
It is genius!
Now the best way to explain how it works
is to probably give you my own personal example
that we did.
So we had some money in a 401K
but we really wanted to start up a business.
Now the business we chose to start
is a sailboat charter rental business,
which is awesome because now we have
this really cool catamaran that we purchased
with our 401K money, no penalty,
no taxes assessed to it
because we rolled it into this ROBS account.
And in that account, a corporation was created.
That corporation starts its own 401K
and that is what purchases the assets for the business,
in our case, the boat.
Now to be very clear,
this is a real and legitimate business.
We really do have a boat.
We really do charter it out.
I'm gonna put a link to it below just so you can see
and it generates income.
Now the best part is that we can now be employees
of that business.
So when it's making money,
we can pay ourselves and it is completely legitimate,
completely above board and all we do is pay income tax
on the income we generate.
But none of the other money that was used
to purchase the assets or to run the business
is taxed or penalized.
So, again, this is the option for you
if you want to create or purchase a business
and you want to be an employee of that business
and actually get money every single month.
And that's what we do.
So now you know the secret
that you actually can tap into your 401K money,
not be penalized and not pay taxes on it
until you withdraw it later in order
to start generating an income for yourself now.
But it is a little bit complicated
and there are only a handful of firms
that handles this across the United States.
Now we use guidance and I will put a link
to their informational PDF below.
It is full of information.
It is so well laid out.
It is very clear.
It is well worth your time to get that
and look at it to see if this is a good option for you.
So if this video got you excited about the possibility
that you can actually access your hard-earned 401K money,
please subscribe, give it a like.
And also, if you know somebody
that's in the same boat as you are
and they want access to their 401K money
but feel like it's trapped,
please share this video with them.
They will be glad you did.
I am very excited to be with you on this journey.
I hope you do get that PDF below
because it will open up the world of possibilities for you
to create your freedom-based business
and finally ditch the corporate grind.
I will see you next time on The Freedom Strategy.