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If you are considering using 401(k) or IRA plans to finance your new business, you know the power of financing your venture using your own hard-earned cash. As seen in the recent post, So You Want to Use Your 401(k) to Start a Business, such funds are the key driver...
Using a system to control the entire workflow processmakes it so nothing falls off the schedule. Benetrends is featured in the article, written by Tim Jagodzinski and published in Franchising World, October 2018. Read Full Article
Using your 401(k) or other retirement account is a powerful way to access the capital you need to start or grow your business. However, knowing the rules and regulations can often be confusing. In most cases, the answer is no. However, there are certain...
The holiday season is now upon us. As people gather with their families for the holidays, small business owners are buckling down for the busy season. And while many small businesses will do well, there are still some who will find it difficult to compete with the...
When you want to use the Rollover as Business Startup (ROBS) strategy to fund your entrepreneurial dreams, you will need to be sure you have access to the right types of retirement funds. Internal Revenue Service regulations regarding ROBS lay out the types of funds...
So, you want to use your 401(k) to start a business... What are the steps you need to take to make sure your business is structured in the right way to give you access to your funds quickly and allow you to get your business off the ground? If you have retirement...
When you've done all the work to determine whether you're ready to start your own small business, it's time to see what financing option makes the most sense. For some small business owners, the choice comes down to asking a simple question: Is 401(k) business funding...
Entrepreneurs who are interested in using their retirement fund assets to drive their small business creation or expansion have several options. However, there are considerable advantages to using a rollover approach instead of a self-directed option. As seen in the...
You contribute to your retirement plan so that, one day down the road, you’ll be able to continue with a life “style”. Although it’s not designed to be a rainy-day account, there are times that tapping into your 401(k) is necessary. And then there are times when...
Ever since you started working, you have been told to save for the future, so you'll have the means to live in the future. Whether you have a company sponsored retirement plan, are investing in a personal IRA, or making regular investments into a savings account, you...