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He Retires at 62 With $750,000 in His 401(k). A Business Startup Rollover Will Put $250,000 Into His New Franchise With $0 Federal Tax Upfront
Source: 247wallst.com
Tax & TariffsRegulation & LegislationPrivate Markets & Venture
A 62-year-old can move $250,000 from a 401(k) into a franchise without an immediate tax bill. The retirement plan becomes the investor, however, and remains subject to IRS oversight after the transfer.
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