With this business 401K financing, since this is technically a retirement fund, is there any more protection from potential liabilities such as at fault accident or bankruptcy, just like IRAs accounts are?
Funding new business using 401K
Discussion in 'Ask An Owner Operator' started by Pieter78, Jul 8, 2018.
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This is one of the rubs, the corporation still carriers the liability, so if you have say $100k involved as the investment and it is sued, it falls on that corporation to pay any judgements against it.TallJoe Thanks this. -
Elmore Leonardscottied67 Thanks this. -
We also disagree on the "speculative nature" of the stock market. Yes, there are "fundamentals" and there are "sentiment" factors. The fundamentals are always there, and the market always obeys the fundamentals.... but "sentiment" does influence things in the short term. The solution to that, to state the obvious, is to invest in the market only long term. The short term swings simply don't matter.
It's a lot like driving and flying. We all know that flying is far, far, FAR safer than driving, but very few of us are really comfortable flying. We'd rather be in control and drive. Even if it's an illusion of safety.Pieter78 Thanks this. -
I know this is an old post, but I'm looking for info on Guidant and 401k setup, can you PM me? -
ParatusVE and RedForeman Thank this.
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