My wife and I want to start a business. We can finance the business without a loan by liquidating all of her IRAs and 401Ks, about $80K. This does not affect our home, my pension, and my 401Ks. We are both 60 years old. Question is, should we finance the business with a loan or with cash from her retirement accounts?

I would use a loan since it can be written off as a business expense.