However, looking at his section on insurance, it was about as good as you can do in 80 pages as part of a larger book. OK, maybe this guy does know something. His big thing is taxes, but tax laws change and likely the book is worthless in the details. So, I have been surfing this getting ideas.
Yeah, I will get to the point eventually.
In the past month there have been a couple of MSN.com articles on Tax strategies to use your 401K to fund your startup. I am sure Suze Orman would have something to say about this. It is dangerously risky, but if you are willing to bet the farm, it looks something like this:
1) Set up your company.
2) Form a company 401K plan.
3) Establish retirement plan rules that allow you to buy stock in the new company
4) Roll over your legacy 401(k) into the startup 401K plan.
5) Use your 401K funds to buy stock in your company
Presto: Tax-free working capital
The articles below explain the process and the potentially farm sized pitfalls. Read them while the links still work.
I have an ex-coworker who already plans to use his 401K money for his startup and this will save him $$$.
http://articles.moneycentral.
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