Many people dream of starting small businesses or starting a new venture but fear using traditional small business financing or taking out loans with high interest rates. However, prospective entrepreneurs and business owners don’t often realize that existing retirement funds can be used to fund start-up businesses. If you’re confident the business has the potential to be a success over the long run, investing your retirement funds can be a very savvy financial decision. By rolling your existing retirement savings into a Mountain West self-directed IRA, you can now invest in a business or start-up without tax penalties. There are IRS restrictions, but you should certainly consider using this smart and viable financing option.
Investing your self-directed IRA in a start-up or small business allows you to affect the value of both your small business and retirement account. You have the ability to lower the overhead of your start-up while accelerating the growth of your IRA. In addition, the following benefits make investing in a start-up a win-win situation:
To learn how you can invest your self-directed IRA in a start-up or small business, contact Mountain West IRA. Now’s the time to enjoy the substantial savings that come along with the tax and credit advantages of a self-directed IRA.
This post is for informational purposes only and should not be considered financial advice. Please consult with a financial advisor for personalized advice.
Mountain West IRA, Inc. does not render tax, legal, accounting, investment, or other professional advice. If accounting, tax, legal, investment, or other similar expert assistance is required, the services of a competent professional should be sought.
Meet with our team to explore your personalized journey of building wealth through investing in real estate, promissory notes, precious metals, and other assets using your retirement fund.
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