Question added to topic Money •
June 24, 2008
Can I avoid tax consequences by using IRA money to invest in a startup business?
I'm 62 and retired, as is my wife. I am talking about $100,000. This money is coming from a rollover IRA.
I would visit with your personal financial advisor for options that are specific to your financial situation.
Pam Newman is a Certified Management Accountant, author and Certified QuickBooks ProAdvisor for Financial and Point-of-Sale software. She is also president of RPPC, Inc., which provides customized business development services.
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