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by alistproducer2
3133 days ago
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Before you commit to paying the early withdrawl taxes and penalties, do what i did; hire a lawyer that deals with erisa law. The legal advice I've been given doesn't match up with what you're saying, but I will certainly ask about it in my next conference. edit: here is some info, but still make sure you get a lawyer. Also regarding taking the money out, it's true that you can't just spend it. This is due to the necessary structure of the business - a c corp. You can, however, take a salary once your business becomes profitable. https://www.biggerpockets.com/blogs/3441/52232-starting-a-re... https://www.mysolo401k.net/401k-business-financing/ |
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