Use Your 401k to Fund Your Business - Without Penalties

Written by chicceo Published in

Did you know you can use your 401k to start your business without incurring penalties? 

"Wait, WHAT?!" I said at the International Franchise Expo to a woman who told me that I can use my 401k without the tax penalty to start a business or buy a franchise (the reason she was at the franchise expo.)  


I stood there with my mouth open as she told me that her company, Tenet Financial Group, will roll over your 401k into a fund that you can use to start up your business without being taxed or penalized. Are you thinking of starting a business and wondering how you are going to fund it? This might be a really great option for you. 

In addition, she told me they will incorporate your business for you. If you are already an LLC or S-Corp, they will help you dissolve that and set up a C-Corp. With that, they will help you prepare your by-laws, minutes, records, stock certificates, etc. 
I was blown away when I heard all of the things Tenet does and wish I would have known they were available when I got Chic CEO started! 
If you want to get more info about this service, click here and fill out the form. 
Happy funding ladies! 


While Tenet Financial is a great company, they aren't the right answer for everyone. Not everyone wants to be a c-corp and deal with double taxation. Not everyone wants to pay a big fee to get at their own money. For those people who only need $50K or less, there is a much better (in my opinion) and much less expensive option. I can show you how to access your IRA or old 401k money without charging you a big fee.

My method isn't for everyone, either. If you want more than $50K, my method won't work (unless your spouse also has $50K, in which case I can get you up to $100K). My method requires making some payments back into your retirement account. My method requires that you leave some of your money in your retirement account. My method only costs about $800 and you can get a tax credit for that amount the following year.

So go ahead and check out Tenet, but do your due diligence and check me out, too. Email me at for info.


Get To Know Us

Keep in Touch

Friend us on Facebook  Follow us on Twitter  Subscribe to our feed 

Get the Newsletter