Starting a Business with a 401(k)? be careful.

This is a route that many experts recommend against. “The first thing we tell people is that they definitely don’t go into retirement accounts,” said Elizabeth Isele, the company’s founder and CEO. Global Experienced Entrepreneurship Institute. Although Ms. Edwards is younger than the 50+ entrepreneurs the institute is dedicated to, Ms. Isele is wary of …

The Road to Financial Assurance That Doesn’t Lead to a 401(k)

“We almost went bankrupt,” he said. “We lost almost $350,000.” To date, Mr. Napoleon has been able to replenish only a small fraction of the savings he had poured into the business, and his plan to purchase long-term property and create a stream of rental income has met with major setbacks. “I have always made …