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W2 to Owner - Get Your Finances in Order with Dave Lowell

Let’s Buy a Business

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How to Make a 60 Day Rollover

The IRS doesn't really like you looking at this slide, but you can do what's called a 60 day rollover. And essentially, it just means that you can take cash out of an IRA. As long as you put it back within 60 days, there's no taxes and no penalty. So I never took out more debt or over leverage myself beyond the assets I had,. But I could treat it, I put capital in the right spots to get me over a hump. If all else fails, and I sold my house, then I'd be like, 30 years old with no assets.

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