401k Early Withdrawal Exceptions | NO PENALTY


– 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 so you can get notified when
my next video comes out. (upbeat music) 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. (upbeat music)

22 Replies to “401k Early Withdrawal Exceptions | NO PENALTY”

  1. What business do you want to start with your penalty-free 401k Money?? Here's another video you might like. ROBS 401k: https://youtu.be/F501vJ6eYPI

  2. This is outstanding Heather! To be able to roll and invest your own retirement funds has some serious advantages vs debt financing. Well done!

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