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Bossmanbbq
10-01-2008, 09:43 AM
I've been trying to figure out how you could tap into a 401k if you have one and found an article that might work for me and maybe some of you and thought I would share it here. Hope this helps....

http://www.aralifestyle.com/article.aspx?UserFeedGuid=7a6acd2b-a467-4361-803f-92dc7b984a48&ArticleId=1502&ComboId=0&title=Fund-Your-Business-or-Franchise-with-Your-IRA

And here is the website of the company profiled in the article:
http://www.guidantfinancial.com/info/business-financing.aspx?sid=96c67e4d-bd91-431f-a294-c07d7dd9fe96

Cabntmkr1
10-01-2008, 01:39 PM
This sounds very interesting.
I am going to look the information over this evening.
Thanks for the post!:smile:

HB-BBQ
10-01-2008, 04:27 PM
I have been considering this option to use for a down payment on our first home as well as a biz. The question is will the banks allow it with the current credit situation and will the funds actually be there? I am sort of afraid to even look at my IRA right now...:eek:

kitch
10-01-2008, 04:31 PM
hmmm

sounds like I need to beef up my 401k and IRA's

ON THE FARM
10-01-2008, 11:19 PM
With my 401(k) i can take out a loan for 50% of my earnings.

TN_BBQ
10-02-2008, 08:16 AM
With my 401(k) i can take out a loan for 50% of my earnings.

Don't forget about the cap.