Summary
SANTA ANA, CALIF. - Derek Quinn had worked for eight companies in a 26-year career, gaining management skills along the way. When he was laid off in 2003, he decided to go into business with his wife, JoAnn, rather than seek another job in corporate America.
But instead of taking out a bank loan or tapping his personal bank account to launch their business, he turned to his retirement savings.See the full content of this document
Extract
Retirement Can Finance Business
He used a little-known financing method that can tap into an IRA or a 401(k) for money to create a flourishing new enterprise - or, if things go sour, leave an investor with a...
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