Utilizing Your 401(k) or IRA To Purchase A Business
Did you know that you can use your 401(k) or IRA Rollover Assets to finance your franchise or business investment? This can be done before the age of 59 1/2 without incurring any penalties or tax consequences. The tax code allows you to transfer money out of a qualified retirement plan to purchase stock in your own business. It’s sort of a self-venture-capitalization. Be sure to consult with an attorney or accountant before making any final decisions.
Self-Reliant 401(k) Business Funding – The benefits are powerful:
The money may be used to reduce or eliminate the need for business loans, build equity in your company, build wealth for you and your employees in your retirement plan, enhance cash flow plus you can take full advantage of potential tax benefits.
If you have funds that are locked in a retirement fund, we can access those funds to help you realize your dream of buying a business through our relationship with this company. If you want more information, please contact us.