IRA/401(k)

Leverage Your Savings

Many people don’t realize they can utilize the funds in their retirement accounts to purchase a business, tax-deferred and penalty-free. While it’s often referred to as a 401(k)/IRA loan, it is technically not a loan, given the fact that there are no loan payments or interest involved. You are simply using the money you put aside for retirement to invest in yourself and your new business.