01-July-2010
Randy Gegelman spoke with
Entrepreneur Magazine for an article in their July issue, entitled, "Should You Tap Your 401(k) to Start Your Business?" The article was also featured on the business page of
Yahoo.com on July 2.
Gegelman warned readers, "The IRS goes in waves. When they find a practice, they spend time understanding the scope of it and then begin active challenges, which I expect will be their next step. These arrangements are intended to be used for retirement investment, not seed money for your business." Read more...