BusinessWeek is reporting in May 31-Jun 6, issue p 52:http://www.businessweek.com/smallbiz/content/may2010/sb20100...Financial advisors have been telling people how to use their 401Ks to fund a business start up. You create a new company and set up a 401K plan. Then you move your existing 401K to the new company's 401K and use the funds to purchase stock in the new company.BW is reporting the IRS is taking a close look at this kind of rollover. But sounds like it might be a nifty loophole for those looking to start their own business.
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