9/13/2013 – Financing Start-Up Dreams With Retirement Savings

Bohnne Jones had always dreamed of being an architect or interior designer. Suzie Ford wanted to know if the home-brewed beer her husband, Todd, made was as good as people said it was, while Jan Morris figured owning a distillery would be more fun than being a divorce lawyer.

They had three very different dreams, but these women had one thing in common: they all lost jobs and decided to use sizable retirement accounts to start their own businesses in very different fields. They did so by converting traditional 401(k) accounts into new retirement plans — known as “rollovers as business start-ups,” or ROBS — that they could invest in their companies.

Read the full article at The New York Times.