2min chapter

Let’s Buy a Business cover image

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

Let’s Buy a Business

CHAPTER

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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