Retirees are more vibrant today than they have been at any other time. They’re more active in their communities. They travel more than ever (at least, those that want to travel). They are even starting businesses at a faster rate today than in previous eras.
One of the more significant challenges of starting a new business is accumulating the capital to fund that business initially. One intriguing option is to access your existing 401(k) funds. This can be done without withdrawing the funds and therefore avoiding any interest or penalty payments.
“Purchasing or starting a new business can be very expensive and risky,” says Megan Slatter,