Sorry, but it is a terrible idea to raid your 401K for a franchise down payment. Franchises are notoriously risky investments (if you don't believe this statement you should do some research on the topic). As a successful former owner of a multi-unit franchise business and board member of the owners' association, I can attest to the fact that many investors in franchise businesses lose their life savings. A 401K will grow tax-free for many years rewarding you with the power of compound interest until you need to access the funds when you are retired.
Great job Ryan. Stressing owner operator "employee and employer" designation is vital.
Sorry, but it is a terrible idea to raid your 401K for a franchise down payment. Franchises are notoriously risky investments (if you don't believe this statement you should do some research on the topic). As a successful former owner of a multi-unit franchise business and board member of the owners' association, I can attest to the fact that many investors in franchise businesses lose their life savings. A 401K will grow tax-free for many years rewarding you with the power of compound interest until you need to access the funds when you are retired.