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About LinkBacksMixed advice on whether or not it is a good idea to pull from retirement accounts to buy a small business. Thoughts?
Mixed advice on whether or not it is a good idea to pull from retirement accounts to buy a small business. Thoughts?
You may be getting mixed advice based on not enough information. There is a lot to evaluating the risk you are taking.
Do you have a financial planner with good business sense? Go get one as this person will be a good resource for you in managing your whole financial situation. This info will help you with the data to make a good decision.
Fail Fast; Lead,
David Sandusky, executive recruiter, keynote speaker, founder of Your Brand Plan:
Personal Brand strategy for business and career with the Strategic Career Plan & Personal Board of Advisors
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"The greater danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it" - Michelangelo
I agree. There is a lot to consider in whether or not retirement savings should be justified to invest in business. Your age. Other income. other investments. Risk of the venture. significant other...
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