Using funds to start firm brings look

January 7, 2011

Companies that promote the use of IRA or qualified retirement plan money to start a business may lead you to believe they’ve come up with a novel and safe way to do so at a favorable price. However, all they’ve really done is develop an enticing method of marketing a legal strategy that’s been around for a long time but now carries more risk than ever because of increasing scrutiny from the IRS.

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