Guidant Financial Group Blog

The 401(k) is back… in a big way.

With more people contributing a larger percentage of their salaries and a stock market yielding higher returns, the health of 401(k) plans are better than we’ve seen in years.

A recent CNNMoney article highlighted the fact that average 401(k) balances have hit a 10-year high.

For seven straight quarters, more people increased their contribution percentages than decreased them. At the end of 2010, the average 401(k) balance rose 11.5% to $71,500 (up from $64,200 at the end of 2009). On top of that, Fidelity reported that only 8% of employers who use their 401(k) plans reduced or eliminated matching contributions during the height of the recession.

In the wake of this fantastic news, more and more people are discovering the opportunity to use their own money to fund a small business or franchise. Taking charge of your future and creating the life you want can begin by using your existing retirement funds to start a business or franchise, debt-free, without paying any taxes or penalties.

Guidant is committed to providing innovative and easy-to-use small business financing solutions. If you, your attorney or your CPA have questions about the 401k Small Business Financing structure, please contact us via phone at 888.472.4455, or via the contact form on our website.