About
Yes, you can use your 401(k) or IRA or other pre-tax retirement funds as startup capital to buy or start a new business. Not a distribution or loan...no income taxes...no early withdrawal penalties.
Also, the CARES Act provides a unique opportunity to use funds from your current 401(k) to fund a new business.
Join Mickey Parker, CPA, as he discusses this business financing option that has been around for many years yet very few people seem to know about.