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		<title>Financing through 401K loan</title>
		<link>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm</link>
		<description>Financing through 401K loan</description>
		<lastBuildDate>Thu, 22 Nov 2012 1:45:24 GMT</lastBuildDate>
		
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				<title><![CDATA[Taking a loan from your retireme]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm</link>
				<description><![CDATA[Taking a loan from your retirement account can get you through an emergency. Entrepreneurs may be able to use their 401k indirectly to fund a startup. However, borrowing against your 401k should only be considered as a last resort loan option.]]></description>
				<pubDate>Thu, 22 Nov 2012 1:45:24 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm#800719</guid>
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				<title><![CDATA[It is a good idea to borrow mone]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm</link>
				<description><![CDATA[It is a good idea to borrow money from your 401k account, But there are also some terms and condition for that. Although, the implications on 401k loans are very minimal and normally you get a long time to repay it, Following are some conditions when yo]]></description>
				<pubDate>Thu, 22 Nov 2012 1:45:24 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm#798953</guid>
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				<title><![CDATA[Interest rates on the site have ]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm</link>
				<description><![CDATA[Interest rates on the site have offered considerably better value than those on the high-street. On average, 6.8% was available for savers in the 36-month market, with a high of 7.2% and a low of just 6.3%. The average rate in Ra]]></description>
				<pubDate>Thu, 22 Nov 2012 1:45:24 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm#776188</guid>
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				<title><![CDATA[Matt,
If/when you leave your em]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm</link>
				<description><![CDATA[Matt,
If/when you leave your employer - the amount you borrowed from your 401k will, if not immediately repaid, become a distribution which creates a tax obligation for you. So you would pay taxes on that amount as "regular" income plus the pena]]></description>
				<pubDate>Thu, 22 Nov 2012 1:45:24 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm#763166</guid>
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				<title><![CDATA[I don't know whether I was smart]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm</link>
				<description><![CDATA[I don't know whether I was smart to do so, but I borrowed the max allowed from my 401K this very evening. My check should be in the mail within a few days. Starting my cafe is my future. If I make the income my cafe projects, I'll be able to put togethe]]></description>
				<pubDate>Thu, 22 Nov 2012 1:45:24 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm#763152</guid>
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			<item>
				<title><![CDATA[The 401k funding option is gaini]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm</link>
				<description><![CDATA[The 401k funding option is gaining momentum in entrepreneur circles, and as a growing number of baby-boomers find themselves prematurely out of work.  Companies like Guidant Financial Group ]]></description>
				<pubDate>Thu, 22 Nov 2012 1:45:24 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm#762501</guid>
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			<item>
				<title><![CDATA[No mentioned is this.&nbsp; If y]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm</link>
				<description><![CDATA[No mentioned is this.&nbsp; If you are married, death is the same as leaving the company.&nbsp; That full amount is due by your spouse immediately.&nbsp; Do you want to leave her with that burden?&nbsp; Save up and pay cash for it.
]]></description>
				<pubDate>Thu, 22 Nov 2012 1:45:24 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm#645555</guid>
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				<title><![CDATA[Ravi:
Some employer`s allow you]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm</link>
				<description><![CDATA[Ravi:
Some employer`s allow you to borrow from your 401k account - many do not. 
As previously mentioned, if you leave the company - your loan would need to be repaid or would become an early withdrawal and be subject to tax a nd penalty]]></description>
				<pubDate>Thu, 22 Nov 2012 1:45:24 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm#645554</guid>
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				<title><![CDATA[I will admit to be new to this, ]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm</link>
				<description><![CDATA[I will admit to be new to this, but I have been researching this topic recently and there is a bit more to it TJG.&nbsp; What you are describing is a loan from a 401 (k).&nbsp; There is another way to do it, however.&nbsp; You incorporate a C corporatio]]></description>
				<pubDate>Thu, 22 Nov 2012 1:45:24 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm#645553</guid>
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				<title><![CDATA[In bootstrapping your venture ..]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm</link>
				<description><![CDATA[In bootstrapping your venture ... that is the last resort to go ...&nbsp;short of&nbsp;withdrawing from your 401K early.
The reason being is that when you borrow from your 401K only 50% of your "contributed amount" (not the employers matching fu]]></description>
				<pubDate>Thu, 22 Nov 2012 1:45:24 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Financing-through-401K-loan.htm#645552</guid>
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