BizSugar.com › Raising Capital › Buying a Business with Retirement Funds - Exit Promise

In the last six years, millions of Americans have lost their jobs and found it exceedingly difficult to find new ones, even after putting in decades with the same company. Many forward-thinking individuals among the unemployed have concluded that creating their own businesses and jobs may be their best hope for working again. The entrepreneurial spirit is still alive and well in America! Retirees are also considering beginning businesses after they exit their current careers. But while the demand for small businesses is still high, many buyers are having difficulty acquiring the capital necessary to start or purchase one. Fortunately, workers who spent years investing in a 401(k) may turn those funds into business-buying capital.