Boomers use retirement savings to finance franchises

09/25/2013 | USA Today

Baby boomers are increasingly looking to their IRA or 401(k) savings to finance startups or franchise businesses, and firms such as FranNet are helping guide prospective franchisees through the risks associated with investing a retirement plan in a new business. Financial advisors, however, say the use of retirement savings is risky, and they recommend having a thorough understanding of the process before investing.

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