How to Use a Solo 401 (k) to Fund Your Business

<p><span style="font-weight: 400;">How to Use a Solo 401 (k) to Fund Your Business</span></p> <p><span style="font-weight: 400;">Daniel Blue is the President of Quest Education, a company that helps entrepreneurs obtain capital for their companies, pay off high-interest debt and use self-directed retirement accounts to invest in alternative assets With over 10 years of educating small business owners, Daniel has a knack for helping individuals get creative with their finances that leads to life changing results.</span></p> <p> </p> <p>During the show we discuss:</p> <p><span style="font-weight: 400;">● What a “solo” 401k is </span></p> <p><span style="font-weight: 400;">● Loan feature on a 401k and how it can help you</span></p> <p><span style="font-weight: 400;">● How to make a 401k a solo one</span></p> <p><span style="font-weight: 400;">● How to take money out of a 401k without paying tax penalties</span></p> <p><span style="font-weight: 400;">● Process of using a 401k to fund a business</span></p> <p><span style="font-weight: 400;">● Benefits of using a 401k to fund your business</span></p> <p><span style="font-weight: 400;">● Kinds of rates can you get on this type of financing</span></p> <p><span style="font-weight: 400;">● Is personal credit a factor in qualification</span></p> <p><span style="font-weight: 400;">● Is revenue a factor in qualification </span></p> <p><span style="font-weight: 400;">● How much money must be in the 401k to qualify </span></p> <p><span style="font-weight: 400;">● Is it a good idea to tap into a 401k to launch a new business</span></p> <p><span style="font-weight: 400;">● What percent of the 401k can you borrow against </span></p> <p><span style="font-weight: 400;">● How to ensure you can keep the money out of the 401k without tax penalty</span></p> <p><span style="font-weight: 400;">● What’s the interest rate is</span></p> <p><span style="font-weight: 400;">● How to use this financing to pay off high-interest debt</span></p> <p><span style="font-weight: 400;">● What do business