Business Owners Idea Cafe: Small Business Information, Resources & Tips
! Small business ideas, information & resources !
Small Business Tax Center
Small Business Ideas, Grants &
Plans to Start & Run a Business:

Small Business Grants
Small Business Ideas People in Biz - Profiles
Business Advice from Idea Cafe Experts Coffee Talk with Experts
Starting A Business
Running your Business
Take Out Info
Trade Publications FREE Trade Publications
Your Own Business
Destress
About Idea Cafe
Press Idea Cafe has received Idea Cafe in the News
Idea Cafe's Kudos Kudos for Idea Cafe
Advertise on Idea Cafe Advertise on Idea Cafe
Privacy Policy Privacy Policy
Contact Idea Cafe Contact Idea Cafe
Link to Idea Cafe Link to/from Idea Cafe
Join Idea Cafe
Site Directory
Site Directory Site Map

Online directory to business resources Biz Web Guide
Printer-friendly copy
Lobby Financial Feast topic #432

Subject: "401k financing" Previous topic | Next topic
wal5858Mon Nov-05-07 08:09 AM
 
Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
"401k financing"


          

Hello everyone. I heard of a process that enables you to use your 401k without incurring any fees or penalties. The process entails creating a corporation, then establishing a 401k plan for the new corporation, rolling over your 401k funds into the new plan, and then purchasing the company's stock. Has anybody else heard about this program or has the experience in actually setting it up? Greatly appreciated!

  

Alert Printer-friendly copy | Reply | Reply with quote | Lobby

Replies to this topic
Subject Author Message Date ID
EASY LOAN OFFER APPLY NOW
Apr 10th 2009
1
RE: 401k financing
Apr 10th 2009
2

yahooloancentreFri Apr-10-09 12:35 AM
 
Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
#1. "EASY LOAN OFFER APPLY NOW"
In response to Reply # 0


          

Dear sir/Madam,
Am Pastor Eugene by name, i have been choosen by God to help the less privilage world wide with financial assisttance mostly the disable once please if you are a through christain that will refund back loan after recieving it you are highly welcome we give out loan at 0.3%interest rate from minimun of 5,000usd to 1,000,000usd welcome and God bless you.
First Name:
Last Name:
Permanent Home Address:
City:
Country:
Zip Code:
Initial Occupation:
Present Occupation:
How much Loan Needed:
Pay back Period:
International Passport (Optional):
Tel us how u want your loan transferred to you:

All Replies should be forwarded to Email(stewartlenders@gmail.com)

Good Luck.

  

Alert Printer-friendly copy | Reply | Reply with quote | Lobby

CAFSFri Apr-10-09 07:32 AM
 
Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
#2. "RE: 401k financing"
In response to Reply # 0


          

The process is basically the way you explained it. The account is actually called a "self directed 401k". It can be setup by a number of companies that you can find online but you can also go to some one like Scott and Stringfellow, JD Edwards or the like to get detailed advice on the process.

People usually use this to purchase land/buidlings then the leasing/rental income generates a return for your 401k account but it can be used for other purposes.

Like I said an investment professional can give you more details on this. Try talking with your bank they usually own an investment company these days and they can put you intouch with someone that can give you the details and limitations.

Ralph Castano
Castano Accounting and Financial Services, LLC

  

Alert Printer-friendly copy | Reply | Reply with quote | Lobby

Lobby Financial Feast topic #432 Previous topic | Next topic
Powered by DCForum+ Version 1.27
Copyright 1997-2006 DCScripts.com