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Using 401k to Start a Business

Using 401k to Start a Business

Just last year, around 4,050 businesses, with 60% of them being franchises, were financed by retirement money. This paved the way for the creation of as many as 60,000 jobs and a whooping $8.3 billion to the national economy.

Using 401k to start a business has become the new way of making money online.

The practice, which started around 2000, is done usually s by rolling retirement funds to finance startups. Around 35% to 40% of franchisees tapped into their retirement funds in order to launch their business. To date, around 10,000 small businesses … Continue Reading

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