Read an excerpt from the book The Last Chance Millionaire by Douglas R. Andrew to remove the obstacles to your future financial well-being and achieve wealth in retirement
Retirement of Small Business Owner
Are you looking for ways to save on your taxes? If you are running a one-person business, fret no more: you can cut down your taxes while at the same time save for your retirement with the Self Employment 401(K).
One possible source of financing a business is to use retirement funds. if structured correctly it allows for an individual’s retirement account to invest directly into their business venture without taking a distribution and paying taxes or penalties.