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Coopedup

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About Coopedup

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    IL
  1. ROBS used in C Corp

    DANRVAN, Is there a way to get out of the ROBS c corp if it still has assets and value. I would like to retain the Real estate and Trailer Park I purchased with my Self directed IRA but get out from under the C-Corp and self directed IRA. I started in 2011. I bought a storage rental business and a small trailer park. I sold the storage rental a couple of years ago and bought an old theater that I'm trying to rehab. I realize now that I wish I had just taken the money out of my 401k and paid the early withdrawal penalty and then purchased my income property. Guidant is the plan admin and they aren't helpful at all with this line of questioning. I don't even know where to begin finding information about doing this.
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