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Should you drain your 401(k) to start a business?  Clients who don't want to get a loan to start a business may tap their 401(k) plans through a process called ROBS or Rollovers as Business Startups, writes CNN Money. The process enables clients to avoid paying any taxes by requiring them to incorporate a business and create a new 401(k) plan under it, into which they can roll their existing 401(k) money. With this strategy, their new firm can issue shares that they buy using money from the 401(k), and use the proceeds to cover operational costs. – CNN Money

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