Thoughts on ROBS?

[Lisa Green]

Because I recently left a longtime employer, I will have the opportunity to roll out a 401(k) and a lump-sum pension. My CPA is vehemently opposed to a "rollover as business startup." I'm interested to hear other opinions about ROBS, both pro and con.

I've been a buy-and-hold investor for a decade and a half; now I'm interested in adding rehabs or other immediate-income activity. Access to the 401(k) money is not essential, but it might let me do more and do it faster.

Thoughts?