Entrepreneurs Using 401(k) Savings to Start Businesses

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Michael Amstein unlocked $100,000 from his 401(k) to start a cookie shop

Don Poffenroth paged through a magazine on a flight several years ago when an article grabbed his attention: Entrepreneurs could use 401(k) savings to start a business without getting hit by taxes and early-withdrawal penalties.

 

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“Time Banking” Pays It Forward

[youtube]http://www.youtube.com/watch?v=piVe0G_1XPs&eurl=http://inventorspot.com/articles/time_banking_can_help_during_recession_25133&feature=player_embedded[/youtube] 

In today’s recessionary world its become exceedingly difficult to make time for ourselves and the others we care for. With job lay-offs, the decline of 401Ks and wage decreases, we are spending more time worrying about our finances than taking care of things that still need to be accomplished. Cutting the lawn, walking the dog, tutoring your child are tasks that still need to be tended to, but sometimes overlooked. With our spirits dampened, we fore-go even the basic necessities of our everyday lives.

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