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Can I? Should I? Use my 401(k) to fund my business?

Despite all the doom and gloom these days, small businesses are still chugging along and remain the heart and soul of the U.S. economy. Contrary to what you’ve heard, we still have a solid small business sector and a thriving services economy in health care, legal, information technology, plus specialty stores and services uniquely adopted the areas they serve.. These are the very same small businesses less than five years old that were responsible for nearly all net job creation between 1980 and 2005!

Today, “12% of working adults have decided to start their own business,” says a new study based on 1,642 interviews with American taxpayers. And “women are leading this charge – one in 10 women report returning to the workforce to help make ends meet,” it says.

Adam Bergman, one of the tax & ERISA attorneys at IRA Financial Group, has lectured attorneys and advised hundreds of clients on the subject of using your Solo 401K and/or IRA to fund a business that you own and operate. “The significant tax free advantages of using your retirement savings to fund your business is 100% legal, however it should only be done under the guidance of an experienced tax attorney who specializes in the legal and compliance issues associated with establishing an IRS compliant structure.” said Mr. Bergman.

The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP and Dewey & LeBoeuf LLP.

IRA Financial Group is the market’s leading “Checkbook Control” Self Directed IRA and Solo 401k Plan Facilitator. We have helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate tax-free and without custodian consent!

To learn more about the IRA Financial Group please visit our website at or call 800-472-0646.

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Posted in Solo 401(k)

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