The Secret to Turning 401(k) Into Startup Capital

Most personal finance experts will tell you not to touch your 401(k) until retirement age. The government penalties are stiff and any lost monies just slash the nest egg you’ve spent your professional life building.

"Borrowing or taking out money from your 401(k) is like going to Vegas and hoping to come back with more; it is incredibly risky," says Denise Winston, founder of Money Start Here, a financial education company in Bakersfield, Calif.

But what if it didn’t have to be this black and white?

Katie Morell

Full Story: http://www.openforum.com/articles/the-secret-to-turning-401k-into-startup-capital