10/11/2013 – Retirees Use Nest Eggs for Business Start-Ups (Financial Advisor)

A lack of jobs in today’s economy is prompting more people to use their retirement money to start small businesses, according to Adam Bergman, a lawyer and tax expert.

Although it can be a risky proposition, it is one way 401(k) and IRA funds can be used to provide employment for a person who is retired or nearing retirement and for some of their family members, says Bergman, a senior tax attorney with IRA Financial Group LLC in New York City and Miami.

Read the full article at Financial Advisor.