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    ajmjr's Avatar
    ajmjr Posts: 1, Reputation: 1
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    #1

    Apr 7, 2007, 05:18 PM
    Using 401K to fund a new business
    I have just started a new business and invested about 10K from personal savings. I need about another 12K, can a 401K be used to fund a new business without paying an early withdrawl penalty? Also, any pros or cons to this would be appreciated.

    Thank you for considering this question.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Apr 7, 2007, 05:38 PM
    No it can not be used without paying the penalty,
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